FINANCIAL SERVICES | Staff Reporter, Singapore

Chart of the Day: 96.5% of taxpayers filed their tax returns on-time

About 780,000 of them filed tax returns electronically.

This chart from the Internal Revenue Authority of Singapore (IRAS) shows that 96.5% of taxpayers filed their tax returns on-time.

About 780,000 taxpayers, or more than 97% of those who filed their tax returns, did so electronically. About 23% of taxpayers used their mobile devices to access myTax Portal to file or view their tax returns on-the-go.

Moreover, 80,000 taxpayers received an early or immediate tax bill this year. "This is an ongoing initiative for early finalisation of assessments so that taxpayers can plan ahead for greater certainty on their tax payments," IRAS said.

IRAS also noted that about 9,000 private-hire car drivers have opted through Grab and Uber platforms to have their income and commission fees pre-filled in their individual income tax returns by IRAS this year. "This service initiative to pre-fill self-employed income information was extended to private-hire car drivers after it was first implemented in 2015 for individual commission agents such as property and insurance agents," the agency said.

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