Singapore

The recent enhancement to the IRAS webpage titled ‘Applying for a Certificate of Residence/ Tax Reclaim Form’ provides clearer guidance for foreign‑owned investment holding companies seeking to establish a valid reason for setting up operations in Singapore. The update outlines the specific conditions that such entities must satisfy, including demonstrable economic activity, substantive personnel, and […]

On 3 July 2026, the Inland Revenue Authority of Singapore (IRAS) filed criminal charges against the proprietor of the popular “Eminent Frog Porridge” eatery for alleged tax evasion amounting to SGD 3.8 million and related money‑laundering activities. The prosecution alleges that the individual deliberately concealed substantial revenue streams, fabricated expense records and employed offshore structures to