Tuesday, April 11, 2006

IRAS proves progress cash is taxpayers money

Progress cash? Pay taxes first

Lin Yanqin
yanqinl@newstoday.com.sg

ALTHOUGH some 2.3 million Singaporeans qualify to receive Progress Package payouts, about 22,000 will receive less than they qualified for, or even nothing at all.

This group will have the taxes they owe the Inland Revenue Authority of Singapore (Iras) deducted from their payouts.

Iras will collect taxes owed to them from the payouts only "as a last resort, when all previous attempts to get the taxpayer to pay his taxes have failed", said Mrs Lee Leng Kiong, corporate communications director of Iras.

She added: "About 22,000 taxpayers have been issued notices informing them of the recovery of tax arrears from the Progress Package. These are taxpayers who have failed to make arrangements to pay their outstanding taxes despite repeated attempts by Iras.

"It is only fair that they should pay their taxes like other taxpaying citizens before receiving the payout. For these taxpayers, Iras will deduct the full amount of the outstanding taxes from the Progress Package."

No comments:

Post a Comment