IRAS can disclose company data to other public agencies without getting consent

Singapore’s tax authority will soon be allowed to disclose company information to other public agencies without obtaining consent to allow the public sector to carry out its official duties “more effectively”. It’s among changes to a law passed in Parliament today (Oct 3). However, concerns over confidentiality took centrestage in parliament, with several MPs cautioning that taxpayers’ privacy must be safeguarded. Mr Chee assured that measures, including penalties, are in place to limit access and ensure accountability.

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