23 December 2013

The Income Tax Act (Amendment of Seventh Schedule) Order 2013 [S775/2013] was published in the Government Gazette, Electronic Edition, on 20 December 2013, and shall come into operation on 23 December 2013.

The Order amends Part II of the Seventh Schedule to the Income Tax Act. Following the amendment, the non-refundable application fee for the provision of an advance ruling will increase from S$535 to S$562 (inclusive of goods and services tax (GST)), while the further time-based fee will increase from S$133.75 to S$140.50 (inclusive of GST) per hour for each hour or part-hour subsequent to the first four hours taken to provide the ruling.

Source: Government Gazette