Inland Revenue Authority of Singapore (IRAS)

Previously, taxpayers had to switch between the IRAS platform and the bank’s platform to view their tax details and make payments.

Yes, though investments will likely become more difficult to attract and retain.

DBS PayNow users can pay their taxes simply by scanning a QR code provided by IRAS.

SINGAPORE (Sept 18): OCBC Bank customers will soon be able to instantly set up GIRO facilities via third-party websites or apps to pay for their telecommunications and utilities bills, their insurance premiums, and even their taxes.

(Sept 8): Chinese regulators this week dealt a huge blow to the cryptocurrency market after the People’s Bank of China (PBOC) banned initial coin offerings (ICO) and asked all related fundraising activity to be halted immediately.

SINGAPORE (Sept 28): Singapore has found itself caught in the centre of a $1 billion tax dispute as the Australian Taxation Office alleges that BHP Billiton is making use of a marketing hub based in the city-state to avoid tax.

SINGAPORE (Sept 6): The Inland Revenue Authority of Singapore (IRAS) and the Australian Taxation Office (ATO) on Tuesday announced they will start automatically sharing financial account information to help reduce tax evasion.