Tax filing rate hits record 95%

Tax filing rate hits record 95%

    POSTED: 19 Apr 2013 7:00 PM

The Inland Revenue Authority of Singapore said about 900,000 taxpayers e-filed their returns by 18 April.

SINGAPORE: The filing rate for tax season 2013 has hit a record of 95 per cent.

The Inland Revenue Authority of Singapore (IRAS) said about 900,000 taxpayers e-filed their returns by 18 April.

This includes 27,000 taxpayers who filed paper returns and 1.13 million taxpayers who were on the No-Filing Service this year.

Last year, the tax filing rate was 94 per cent.

IRAS added that more taxpayers will benefit from the Auto-Inclusion Scheme (AIS).

Currently, there are 1.3 million employees on AIS and IRAS expects the number to go up to 1.4 million by 2015.

- CNA/ck

- wong chee tat :)