Skip to main content
A Singapore Government Agency Website How to identify
Official website links end with .gov.sg
Government agencies communicate via .gov.sg websites (e.g. go.gov.sg/open). Trusted websites
Secure websites use HTTPS
Look for a lock () or https:// as an added precaution. Share sensitive information only on official, secure websites.

Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Ministry of Finance (MOF)
Parliamentary Replies

IRAS Anti-avoidance Powers under Income Tax Act

Topics

Tax-Related (Income Tax)

7 July 2026

Parliamentary Question by Mr Abdul Muhaimin Abdul Malik:

To ask the Prime Minister and Minister for Finance in each of the last five years (a) how many cases has IRAS invoked its anti-avoidance powers under the Income Tax Act; (b) how much additional tax was assessed in such cases and how much has been recovered; and (c) how many cases involved taxpayers extracting business profits as tax-exempt dividends and interest-free shareholder loans.

Parliamentary Reply by Senior Minister of State for Finance, Mr Jeffrey Siow:

From 2021 to 2025, IRAS invoked its anti-avoidance powers on 124 occasions and assessed $49 million in additional tax. Thus far, $48 million has been recovered. All but one of the cases involved taxpayers extracting profits as tax-exempt dividends or interest-free shareholder loans.

Back to top