IRAS issues e-Tax Guide on GST – Assisted Compliance Assurance Programme (ACAP)

2 September 2013

In the third edition of the ACAP Guide issued by the Inland Revenue Authority of Singapore, revisions were made to paragraph 10 concerning the ACAP Annual Review. A new information leaflet providing more details on the Annual Review was also included as Appendix 2.

A new form, GST F28 “ACAP Annual Review Declaration” was inserted while existing GST F24 “Claim for Co-funding of GST ACAP” was modified.

Source: Inland Revenue Authority of Singapore

MOF seeks public feedback on the Goods and Services Tax (GST)

10 August 2013

The Ministry of Finance is conducting a public consultation on the draft GST (Amendment) Bill 2013 from 5 to 25 August 2013.

The proposed amendments to existing tax policies and tax administration comprise:

(a) The Comptroller of GST and authorised persons may confiscate goods and arrest persons in cases where Tourist Refund Scheme fraud is suspected;

(b) When there is a change of local agent between the time of import and the subsequent supply of goods, the new local agent is liable for GST;

(c) The Inland Revenue Authority of Singapore (IRAS) may release anonymised information to Government and Statutory Boards for statistical or research purposes, or disclose information concerning professional misconduct to the relevant professional body for their investigation;

(d) If a person, who had been permitted under the Approved Refiner and Consolidator Scheme to buy goods without GST, was subsequently found to be ineligible for the benefit, he has to pay back the GST; and

(e) The term “refine”, in the Approved Refiner and Consolidator Scheme, includes casting precious metals into a different form.

Additionally, the Bill includes the following non-tax policy changes:

(a) IRAS may share information with the Commercial Affairs Department and the Singapore Police Force for investigations relating to money laundering of tax crimes proceeds without a court order.

(b) The tax authority may offset outstanding taxes from Government payments to the taxpayer under any law, contract or scheme.

For full details, please refer to the Ministry of Finance’s website or the REACH consultation portal.

Source: Ministry of Finance

IRAS clarifies GST on dial-in donation service

26 Jul 2013

In response to a letter “Are telco fees for charity shows really necessary” (TODAY, 23 July), the tax authority explained that the goods and services tax (GST) is levied on all local telephone charges. The fee imposed by the telco for its dial-in donation service is a charge for services rendered by a GST-registered business. Hence it is subject to GST. This is, however, independent of the donation component.

The IRAS’s full reply can be found on its website.

Source: Inland Revenue Authority of Singapore

Beauty salon owner fined for evading GST

12 July 2013

The sole proprietor of a beauty salon, Melati Binte Abu Bakar, was fined S$21,800 for evading Goods and Services Tax (GST) on beauty products valued at S$270,000. According to Singapore Customs, the goods were imported between January 2012 and April this year. Melati had submitted fake invoices in the applications for 27 import permits. The under-declaration resulted in a shortfall GST payment of S$11,325.99.

Fraudulent evasion of GST on imports is a serious offence under the Customs Act. Those guilty may be fined up to 20 times the amount of tax evaded and/or be jailed for up to two years.

Source: Singapore Customs

Revisions to GST Guides for importers, retailers, logistics companies and the marine and biomedical industries

1 March 2012

IRAS has revised the various e-Tax Guides to explain the various tax treatment and savings schemes applicable to importers, retailers, logistics companies and for those in the marine and biomedical industries:

  • The fourth edition of the e-Tax Guide, “Import GST Deferment Scheme (Fourth Edition)” was published on 25 January 2012 by IRAS. Import GST Deferment Scheme (IGDS) allows an approved business to defer the payment of import GST until the submission of the GST return for the prescribed accounting period.
  • The GST Guide on Imports (3rd Edition) published by IRAS on 10 January 2012, provides basic information on GST matters relating to importation of goods, including GST reporting requirements and various related schemes available.
  • On 18 January 2012, IRAS issued the sixth edition of the e-Tax Guide on “GST Guide for Retailers (6th Edition)”. The guide explains the GST treatment applicable to common scenarios encountered by retailers and also addresses frequently asked questions.
  • An “Approved 3PL Company Scheme” is a scheme regulated by Regulation 45A of Goods and Services Tax (General Regulations) whereby the Comptroller of GST may allow goods to be delivered or removed without payment of GST on importation and supplied to another taxable person without GST chargeable on the supply. IRAS has updated the e-Tax Guide to this scheme on 10 January 2012.
  • IRAS has updated the e-Tax Guide to GST: Approved Contract Manufacturer and Trader (ACMT) Scheme (Eight Edition). The changes in this edition was published on 10 January 2012.
  • The e-Tax Guides, “GST Guide for the Marine Industry – 2010 Budget Changes”, as well as the “GST Guide for the Marine Industry – 2011 Budget Changes” have been revised by IRAS on 10 January 2012, to take into account recent legislative amendments.
  • IRAS has updated the “GST Guide for the Biomedical Industry – 3rd Edition” on 14 January 2012 to take into account recent legislative amendments.
  • Major Exporter Scheme (MES) is a scheme whereby the payment of GST is suspended at the point of importation of goods. MES traders will be allowed to import non-dutiable goods without paying GST to Singapore Customs (SC). On 10 January 2012, IRAS issued the sixth edition of the e-Tax Guide on GST, “Major Exporter Scheme (6th Edition)”.

To view the revised e-Tax Guides, please click visit the IRAS website at

Source: Inland Revenue Authority of Singapore (IRAS)