Singapore Government
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Contents

Long Title

Part I PRELIMINARY

Part II ADMINISTRATION

Part III IMPOSITION OF INCOME TAX

Part IV EXEMPTION FROM INCOME TAX

Part V DEDUCTIONS AGAINST INCOME

Part VI CAPITAL ALLOWANCES

Part VII ASCERTAINMENT OF CERTAIN INCOME

Part VIII ASCERTAINMENT OF STATUTORY INCOME

Part IX ASCERTAINMENT OF ASSESSABLE INCOME

Part X ASCERTAINMENT OF CHARGEABLE INCOME AND PERSONAL RELIEFS

Part XI RATES OF TAX

Part XII DEDUCTION OF TAX AT SOURCE

Part XIII ALLOWANCES FOR TAX CHARGED

Part XIV RELIEF AGAINST DOUBLE TAXATION

Part XV PERSONS CHARGEABLE

Husband and wife

Trustees, agents and curators

Part XVI RETURNS

Part XVII ASSESSMENTS AND OBJECTIONS

Part XVIII APPEALS

Part XIX COLLECTION, RECOVERY AND REPAYMENT OF TAX

Part XX OFFENCES AND PENALTIES

Part XXA Exchange of information under avoidance of double taxation arrangements and exchange of information arrangements

Part XXB INTERNATIONAL AGREEMENTS TO IMPROVE TAX COMPLIANCE

Part XXI MISCELLANEOUS

FIRST SCHEDULE Institution, authority, person or fund exempted

SECOND SCHEDULE Rates of tax

THIRD SCHEDULE

FOURTH SCHEDULE Name of bond, securities, stock or fund

FIFTH SCHEDULE Child relief

SIXTH SCHEDULE Number of years of working life of asset

SEVENTH SCHEDULE Advance rulings

EIGHTH SCHEDULE Information to be included in a request for information under Part XXA

Legislative History

Comparative Table

Comparative Table

 
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On 31/07/2014, you requested the version in force on 31/07/2014 incorporating all amendments published on or before 31/07/2014. The closest version currently available is that of 31/03/2014.
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Penalty for incorrect return, etc.
95.
—(1)  Subject to the provisions of Part XVIII, every person who —
(a)
makes an incorrect return by omitting or understating any income of which he is required by this Act to make a return;
(b)
gives any incorrect information in relation to any matter affecting his own liability to tax or the liability of any other person or of a partnership; or
(c)
fails to comply with section 76(8),
shall be guilty of an offence for which, on conviction, he shall pay a penalty equal to —
(i)
the amount of tax;
(ii)
the amount of PIC bonus; or
(iii)
the amount of tax and the amount of PIC bonus,
as the case may be, that has been undercharged, obtained, or undercharged and obtained as a result of the incorrect return or information or failure, or that would have been so undercharged, obtained, or undercharged and obtained if the return or information had been accepted as correct or if a notice had not been provided in accordance with section 76(8).
[4/75; 34/2008; 19/2013]
(2)  Every person who without reasonable excuse or through negligence —
(a)
makes an incorrect return by omitting or understating any income of which he is required by this Act to make a return;
(b)
gives any incorrect information in relation to any matter affecting his own liability to tax or the liability of any other person or of a partnership; or
(c)
fails to comply with section 76(8),
shall be guilty of an offence for which, on conviction, he shall pay a penalty equal to double —
(i)
the amount of tax;
(ii)
the amount of PIC bonus; or
(iii)
the amount of tax and the amount of PIC bonus,
as the case may be, that has been undercharged, obtained, or undercharged and obtained as a result of the incorrect return or information or failure, or that would have been so undercharged, obtained, or undercharged and obtained if the return or information had been accepted as correct or if a notice had not been provided in accordance with section 76(8), and shall also be liable to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 3 years or to both.
[34/2008; 19/2013]
(3)  The Comptroller may compound any offence punishable under subsection (1) or (2), and may before judgment stay or compound any proceedings thereunder.
(4)  In this section, “PIC bonus” means a payment under section 37IA.
[19/2013]