IRAS (Amendment) Bill
01/03/2024
Under the new IRAS (Amendment) Bill passed recently, the amendments grant IRAS the powers of:
– administering scheduled public schemes for the Government, or any other statutory body.
– investigating fraud and abuse and
– recovering grant funds that were disbursed wrongly.
The new powers will allow it to access premises, conduct inspections, seize documents and make arrests.
The amendments also included measures to protect the identity of whistleblowers or informers as well as powers to impose penalties for offences.
Those convicted of fraud and abuse of government schemes may be liable to a penalty equal to one, two or three times the grant amounts that were overpaid or would have been overpaid, and a fine and/or imprisonment not exceeding three years.
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