Inland Revenue Authority of Singapore (Amendment) Bill

The Inland Revenue Authority of Singapore (Amendment) Bill 2024 amends the existing Inland Revenue Authority of Singapore Act 1992. The key points of the bill include establishing provisions for the recovery of wrongly given grants under Government schemes, defining offenses for providing false or misleading information to obtain such grants, and enhancing the enforcement powers of the Inland Revenue Authority. Additionally, the bill contains provisions for the protection of informers, allows for the compounding of offenses, and specifies methods for serving documents related to the Act. It introduces a new Second Schedule listing scheduled public schemes applicable under the Act.