IRAS

If you haven't started yet or are still looking for the right solution, this event is for you. 🗓 29 July 2026 (Wednesday) 🕘 9am – 5pm 📍 Suntec Singapore Convention & Exhibition Centre, Halls 401 & 402 Register today at https://go.gov.sg/invoicenowfair2026. Learn more about the GST InvoiceNow Requirement at https://go.gov.sg/iras-gst-invoicenow-requirement.

Is your business ready for the GST InvoiceNow Requirement? 🚀 As announced at the Ministry of Finance COS Debate 2026, all GST-registered businesses will need to onboard InvoiceNow and submit invoice data directly to IRAS. This will be rolled out progressively from April 2028 to April 2031, with all new compulsory GST registrants and existing GST-registered businesses with total annual supplies of S$200,000 or below required to onboard by April 2028. The earlier you start planning, the smoother your transition. Join us at the InvoiceNow Fair on 29 July, where you can hear directly from IMDA and IRAS, connect with over 90 accredited service providers, explore live demos, and get the latest updates on grants and support available for your business.

Need to make changes? Submit your request via the ‘Amend Tax Bill’ digital service on myTax Portal within 30 days of your tax bill date. More at: https://go.gov.sg/mytaxbill

A thriving business community is built on more than good ideas – it needs the confidence to get compliance right. The stronger our relationship with businesses, the better placed we are to help them do exactly that. 🤝 Today, IRAS took another step in that direction. Our Commissioner and Deputy Commissioners hosted industry players at a luncheon engagement for an open and candid discussion, spanning four key areas: 🔹Pro-business approach through GST InvoiceNow; 🔹Tax certainty in the face of global changes; 🔹Efficient delivery of enterprise grants; and 🔹Capability building through training with the Tax Academy of Singapore. 👂 We came to listen as much as to share. The feedback we received will inform how we refine our policies, sharpen our processes, and deepen our support for businesses. This is the start of a more regular dialogue, and we look forward to continuing to build this partnership together. #LifeatIRAS#ProBusiness#OneIRAS2035

Income tax payments are due 1 month from the date of your tax bill. Access your 2026 income tax bill (Notice of Assessment) by logging in to myTax Portal with your Singpass. Not on GIRO yet? Remember to pay by the due date to avoid late payment. For added convenience, set up GIRO – payments start automatically each May. More at https://go.gov.sg/iras-giro-iit. #TaxSeason2026

💡Did you know?Not everyone pays personal income tax – it depends on how much you earn. Singapore uses a progressive tax system: tax rates start at 0% for chargeable income below $20,000 and increase as income rises. Those who earn more contribute more, making the system fairer for everyone. That spirit of fairness was at the heart of our conversations with close to 30 youths this week. The Tax Youth Network (TYN) held its second kick‑off session at the refreshed Taxpayer and Business Service Centre (TBSC), bringing together students, young professionals and aspiring tax leaders for candid conversations on Singapore’s tax system. The room buzzed with thoughtful questions, diverse perspectives and discussions on trust, fairness and the role taxes play in nation-building. The new Discovery Hub at TBSC also made its debut, creating a more open and engaging space for these conversations. We were also privileged to have our partners, Singapore Chartered Tax Professionals and the Tax Academy of Singapore, share insights on career pathways and learning opportunities in the tax ecosystem. 👉🏻 TYN is more than a network, it is a community of youth advocates shaping perspectives and driving conversations on Singapore’s tax future. Keen to join this growing community? Join us at go.gov.sg/tyn26 #TaxYouthNetwork#YouthEngagement#SCTP#TaxAcademyofSingapore

Every number tells a story. We make education accessible to all. We keep our nation safe and protected. We ensure healthcare remains within reach and help businesses thrive. We keep Singapore moving forward. At IRAS, our multidisciplinary teams in policy, law, data, tech and design don't just process numbers – we transform them into meaningful outcomes that fuel national growth and shape lives. Ready for a career that goes beyond numbers? Find out more at go.gov.sg/linkedin-iras-life #TaxAndBeyond#IRASCareers#LifeAtIRAS

💡Seamless integration. Future-ready compliance. A smarter way to do business. Be Thou My Vision, a property leasing company, adopted the GST InvoiceNow Requirement and hasn’t looked back. For them, it’s not just about compliance – it’s about being part of a forward-thinking shift towards greater business transparency and audit capabilities that benefits the wider business community 🤝 Join the growing number of businesses that are embracing InvoiceNow. Start today. 🔗 Learn more about the GST InvoiceNow Requirement: go.gov.sg/iras-gst-invoicenow-requirement #GSTInvoiceNowRequirement#BusinessSpotlight

🧮 GST-registered businesses: Unsure of how to tally up the GST amount on your invoices? Watch this video to learn two simple methods to calculate GST correctly, master rounding rules, and handle foreign currency transactions like a pro. Visit go.gov.sg/irasgst-invoicing for more information.

Noticed GIRO payments before receiving your tax bill? Don’t worry, it’s the Provisional Instalment Plan (PIP). To allow you to enjoy the maximum 12 months instalment, PIP runs from May each year to Apr the following year, based on your previous year’s tax payable or your current year’s estimated tax payable. More at https://go.gov.sg/iras-giro-iit.

Did you know? IRAS sends out tax bills in batches, so some taxpayers may receive their tax bill earlier than others. To check if your 2026 income tax bill (Notice of Assessment) is ready, log in to myTax Portal using your Singpass. If you need your latest tax bill for application purposes (e.g. bank loan or grants), you may use these alternative documents instead: • Payslips/Form IR8A (obtainable from your employer) • CPF contribution statement • Consolidated statement and acknowledgement on myTax Portal after filing your tax return • Previous year’s tax bill (myTax Portal > “Inbox” > “View Notices” > “Individual”) More at https://go.gov.sg/mytaxbill. #TaxSeason2026