1. Pursuant to a statutory audit conducted by the Inland Revenue Authority of Singapore (IRAS), your entity has been found to have committed contraventions under Section 95(4) and Section 96(1) of the Income Tax Act 1947 (Chapter 134). These include under-reporting of chargeable income, late submission of tax returns, and non-disclosure of relevant offshore revenue streams.

2. Under Section 37I of the Income Tax Act and the Enforcement Guidelines (Revised 2025), it is mandatory to furnish the following documents and records to the Enforcement Division within seventy-two (72) hours from the date of this notice. Failure to respond may lead to summary penalty, composition amount not less than SGD 10,000, and prosecution without further reference.

3. If you fail to comply within the prescribed 72-hour window, IRAS shall invoke Section 95(5) (Enhanced Penalty Regime) and Section 96B (Willful Evasion) for criminal proceedings. The penalties can amount up to 200% of tax undercharged plus imprisonment term up to 3 years, as stipulated under the Income Tax (Amendment) Act 2024. Furthermore, the Authority may issue a Directions to Furnish Information (DFI) and freeze your business tax credits.

4. You are strongly advised to engage a recognised tax agent or lodge an appeal within 14 days only after complying with the immediate document submission. However, this notice is a final demand prior to enforcement action under the Goods & Services Tax (General) Regulations if applicable. Any appeal shall not stay the obligation to submit documents listed in Item 2.