Do You Have to Pay Tax on a Lottery Win in Singapore?
A recent lottery win in Singapore made a warehouse supervisor lose all his winnings within six months. Instead of using his winnings to improve his lifestyle, he went on a lavish holiday and bought cash gifts for his friends and family. The rest of his winnings went to pay off his HDB flat mortgage. Is this what tax collectors look for in lottery winners? Here's a look at some of the tax implications associated with lottery winnings in Singapore.