In Singapore, key tax compliances include, but not limited to, Corporate and Personal income tax, Goods and Services Tax and others. For the case of Goods and Services Tax (GST), if your annual turnover exceeds SGD 1 million, the compliances include submitting annual tax returns, keeping accurate financial records, and adhering to anti-avoidance provisions to prevent tax evasion.

The Inland Revenue Authority of Singapore (IRAS) has implemented various measures to ensure tax compliance, including audits, penalties for non-compliance, and the use of technology to streamline tax administration. It is important to note that tax laws and regulations in Singapore are subject to change, so it is always advisable to stay up-to-date with the latest requirements and seek professional advice as needed.

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