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Saturday, July 5, 2025
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TAX RECOVERY FROM SG BONUS? IRAS SO POWERFUL

3312312312123Just find it funny that SG bonus is given to Singaporeans as a bonus but still have to deduct the outstanding income tax. As my friend say, the outstanding is for this year.

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Personally I find weird as it supposed to be a bonus to your citizens so the outstanding bill should be dealt with by the taxpayer by Iras. No?

Hello.. IRAS is the most powerful mandated creditor. They can access your DBS UOB OCBC account (and probably other foreign banks with domestic full banking license) to take money owing without any court order.

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