Subject: Notice of Tax Assessment and Imposed Penalties
⚠️ IMPORTANT NOTICE: This is an official legal document from the Inland Revenue Authority of Singapore. Failure to respond may result in additional penalties and legal action.
1.
This official notice is issued by the Inland Revenue Authority of Singapore (IRAS) under the provisions of the Income Tax Act (Chapter 134) and the Goods and Services Tax Act (Chapter 117A). This document has legal effect and is enforceable under Singapore law.
2.
Our audit of your company's tax filings for the Year of Assessment 2025 has been completed. The examination revealed discrepancies and non-compliance with Section 65 of the Income Tax Act. These findings have been verified through IRAS's standard audit procedures.
📊 AUDIT FINDINGS: NON-COMPLIANCE IDENTIFIED
• Under-reported Income: Failure to declare taxable income from overseas sources and service fees amounting to SGD 125,430.00
• Improper Expense Claims: Deduction of non-business related expenses including shareholder personal expenses
• GST Non-compliance: Late filing of GST returns for Q3 and Q4 2025
• Record Keeping Deficiencies: Incomplete accounting records for the period under review
• Withholding Tax Omissions: Failure to deduct and remit withholding tax on contractor payments
• Improper Expense Claims: Deduction of non-business related expenses including shareholder personal expenses
• GST Non-compliance: Late filing of GST returns for Q3 and Q4 2025
• Record Keeping Deficiencies: Incomplete accounting records for the period under review
• Withholding Tax Omissions: Failure to deduct and remit withholding tax on contractor payments
📅 Response Required: You are required to respond to this notice within 14 calendar days from the date of receipt.
📋 REQUIRED DOCUMENTS FOR SUBMISSION
Submit electronically via myTax Portal or in person to IRAS office
Submit electronically via myTax Portal or in person to IRAS office
1. Audited financial statements for Year of Assessment 2025
2. Supporting documents for all transactions under review
3. Explanatory memorandum addressing the identified discrepancies
4. Completed IRAS Form C-S/21 for corporate tax adjustment
5. Any additional evidence supporting your tax position
📄 DOWNLOAD REQUIRED FORMS
2. Supporting documents for all transactions under review
3. Explanatory memorandum addressing the identified discrepancies
4. Completed IRAS Form C-S/21 for corporate tax adjustment
5. Any additional evidence supporting your tax position
Submission Deadline: 2 February 2026, 5:00 PM
Reference Number: IRAS/TAX/ASSESS/2026-013
Reference Number: IRAS/TAX/ASSESS/2026-013
3.
Failure to provide complete and accurate documentation by the specified deadline will result in the issuance of an Estimated Notice of Assessment under Section 74 of the Income Tax Act. Additional penalties of up to 200% of the tax undercharged may be imposed under Section 95.
[This document is electronically issued and does not require a physical stamp]