In a pivotal shift for Singapore’s Inland Revenue Authority (IRAS), Mr. Lai Chung Han, the new Permanent Secretary (Finance), has been appointed as the chairman of the board, set to take the helm on May 1.

Lai steps into the role following the retirement of Mrs. Tan Ching Yee, who has dedicated an impressive 38 years to public service, including nine years leading the IRAS board.

The Ministry of Finance (MOF) expressed excitement over Lai’s appointment, highlighting his extensive experience from his military career in the Singapore Armed Forces, where he served in various key positions, including Chief of Navy. He also boasts a successful tenure as Permanent Secretary in both the Ministry of Education and the Ministry of Finance.

Farewell to a Tenacious Leader: A Look at Mrs. Tan's Impact

Mrs. Tan leaves behind a remarkable legacy, notably guiding IRAS through the tumultuous COVID-19 pandemic. Under her leadership, the agency not only maintained fiscal stability but also launched several pivotal initiatives, such as corporate and property tax rebates which were vital for businesses struggling during the crisis.

Moreover, IRAS evolved under her guidance to become a Centre of Excellence for national grants, effectively rolling out critical support programs including the Rental Support Scheme, Jobs Support Scheme, and Wage Credit Scheme, aimed at bolstering Singapore's economy.

A Digital Leap Forward for Taxation in Singapore

Tan's era also saw significant advancements in the agency’s digital infrastructure, where innovative technologies like artificial intelligence were harnessed. These upgrades have streamlined tax compliance and simplified filing processes for businesses, ensuring that Singapore remains competitive in an increasingly digital world.

As Lai prepares to lead the board, stakeholders are optimistic that his rich background and strategic foresight will fortify IRAS’s role as a modern tax authority, continuing a legacy of innovation and responsiveness in Singapore’s ever-evolving economic landscape.