Indications that Singapore will assist with new information system to increase tax revenue
Wednesday, 18 November 2015 - 8:45
One of the most significant challenges before the 2016 budget was the increase of the tax revenue that was gradually dwindling.
Resolution was necessary to rectify the problems that had resulted.
Senior Inland Revenue Department Commissioner Sena Liyanage said that the Department would introduce a new information system to deal with this challenge and increase the tax revenue with the assistance of the Singapore Government.