The Inland Revenue Authority of Singapore (IRAS) is the primary authority for all tax-related matters in Singapore. It is one of the Singaporean government’s statutory boards and is related to the Ministry of Finance.
Although everyone who pays tax in Singapore has to have some level of familiarity with IRAS and its inner workings, few actually do so. This is important because knowing more about IRAS will give a taxpayer more understanding about the country’s tax system and how the tax that has been paid will be used and managed.
The person in charge of IRAS, as well as the head of IRAS’ board, is the Commissioner of Inland Revenue. The Commissioner in turn oversees the affairs of the four different groups into which IRAS can be broken down.
IRAS divides its operations among its four groups which are based on the category of Singapore tax with which they deal. These four groups are the following the Individual Group; Business Group; International, Investigation, and Indirect Taxes Group; and the Corporate and Services Group. These four groups are subsequently divided into 14 divisions.
The Individual Group of IRAS handles all issues related to tax imposed on individuals. This group is divided into two divisions: the Taxpayer Services Division and the Individual Income Tax Division. One may contact official figures from these divisions if certain services or information about one’s individual income tax are desired.
IRAS’ Business Group deals with matters involving business and corporate taxes as well as transfer pricing. The Business Group is separated into three divisions. These divisions are the Compliance Strategy and Insights Division, the Tax Policy and Transfer Pricing Division, and the Corporate Tax Division. Authorities from these divisions may be referred to if a company intends to improve its level of compliance, learn more about its corporate tax obligations, refine its tax policy, or gain more understanding about transfer pricing.