Less taxing alternative

AS we approach the end of tax season, businesses are reminded of the looming deadline to file and settle their taxes. It is timely for businesses to undertake a thorough “tax health check” and address any possible tax non-compliance such as tax evasion.

Following the Budget Recalibration announced early this year, the Government has announced a tax amnesty programme for 2016 to encourage taxpayers to voluntarily disclose their income accurately and to settle any tax arrears. This programme is only granted from March 1, 2016 to Dec 15, 2016.