IRAS (Inland Revenue Authority of Singapore)
Inland Revenue Authority of Singapore
Just Tell Me
IRAS is Singapore’s main tax administrator, responsible for assessing, collecting and enforcing taxes such as income tax, property tax and GST.
Also called: Inland Revenue Authority of Singapore
Explain Like I’m Five
Think of IRAS as the organisation that handles the government’s tax administration. It works out tax liabilities under the rules, collects payments and deals with compliance. That revenue helps fund public services and government operations.
Where You’ll Run Into It
On income-tax information, property-tax notices, stamp-duty information for a tenancy agreement, and official GST guidance. Employees, homeowners and businesses can encounter IRAS for different reasons because it administers several kinds of tax.
A notice may mention GIRO for recurring deductions. Singpass describes the digital identity used for supported online services, rather than the tax authority.
Example
“This property-tax notice is from IRAS.”
A homeowner recognises that the document concerns a tax administered by IRAS, even though they usually associate the agency with income tax.
The Part People Get Wrong
IRAS is an organisation, not the name of one particular tax. It also does more than collect money: it assesses taxes and enforces the rules. As an agency under the Ministry of Finance, it provides input on tax policy and its practical administration.
Sources
Related
- moneyGIROUpdated
GIRO is a Singapore bank-payment arrangement commonly used to debit recurring bills automatically from a customer’s account after authorisation.
- moneyGST (Goods and Services Tax)Updated
GST is Singapore’s tax on many goods and services consumed locally, collected by GST-registered businesses on the government’s behalf.
- moneySingpassUpdated
Singpass is Singapore’s national digital identity service for securely accessing and authorising transactions with government and participating private services.
- housingTenancy agreementUpdated
A tenancy agreement is the rental contract between a landlord and tenant, recording the home, rental period, payments and each party’s responsibilities.