Tax and Penalty Arising from Audits by Tax Type

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* For FY2003/04, the income tax audit cases included a one-time recovery following the completion of the project on benefits derived by directors from interest-free/subsidised loans. * The definition of corporate income tax compliance cases was revised from FY2021/22 to better reflect IRAS’ overall work done and contributions in terms of compliance. * From FY2004/05, GST refund review cases were not included in the GST audit figure.