Missing Trader Fraud ( MTF ) is a fraudulent scheme targeting the GST system. It typically involves fictitious transactions orchestrated by a network of individuals and businesses designed to illicitly claim GST refunds or avoid tax obligations.

MTF drains government revenue and puts unsuspecting businesses at risk. Fraudsters create fake supply chains, register shell companies, and vanish after collecting GST, leaving downstream businesses to face investigations.

IRAS identifies Missing Trader Fraud arrangements to be one of the key compliance risks areas among taxpayers and conducts extensive audits and investigations on businesses and individuals involved in such fraudulent arrangements. Such cases are detected using advanced data analytics. Other sources of leads include tip-offs from whistle-blowers.

Why it matters to you:

• Fraudsters may lure you with “guaranteed profits” and low-risk deals.
• If caught, you—not the perpetrators—will be held accountable.
• Due diligence is not optional – Implementing robust due diligence procedures aligned with IRAS’ guidance is essential to safeguarding GST input tax claims and avoiding costly disputes with the tax authority.
• IRAS actively audits and investigates these schemes using advanced data analytics and whistle-blower tip-offs.

Join this workshop to learn:

• How Missing Trader Fraud works
• Red flags to watch out for
• How to conduct the proper due diligence checks to facilitate your GST Input Tax claims
• Practical steps to protect your business