New IRAS Chairman Appointed: Lai Chung Han to Lead Singapore's Tax Authority
In a significant move, the Minister for Finance has appointed Lai Chung Han, a seasoned finance expert, as the new chairman of the Inland Revenue Authority of Singapore (IRAS). Effective May 1, Lai, 52, who is also the incoming permanent secretary for finance, will lead the tax authority in its mission to administer taxes and promote compliance. As the new IRAS chairman, Lai will play a crucial role in shaping Singapore's tax policies and ensuring the effective collection of taxes. With his extensive experience in finance, Lai is well-equipped to navigate the complexities of tax administration and drive initiatives that promote economic growth and stability. The appointment is set to strengthen the IRAS's capabilities in tax revenue management and enhance its role in supporting Singapore's economic development. Key areas of focus for Lai will include tax compliance, tax policy, and revenue management. Read more about this significant appointment and its implications for Singapore's tax landscape at The Business Times, your trusted source for business news and analysis, including tax news and finance news.
