GST: Assisted Compliance Assurance Programme (ACAP) revised

by | Dec 18, 2015 | Goods and Services Tax, Tech News

On or about 18 December 2015, the Inland Revenue Authority of Singapore (IRAS) has released the seventh edition of the e-Tax Guide GST: Assisted Compliance Assurance Programme (ACAP). It replaces the sixth edition published on 25 July 2014.

The revised e-Tax Guide incorporates the following updates:

  1. amended section 5 on ACAP Incentives.
  2. amended paragraphs 12.1 to 12.5 on Post ACAP Review.
  3. revised paragraph 12.10.
  4. Appendix 1 “GST ACAP Review Guidance”
    1. amended paragraphs 1.6, 2.1 and 2.2.
  5. Appendix 2 “Information Leaflet on Post ACAP Review”
    1. editorial changes to paragraphs 2.1(c) and 2.1(d).
    2. inserted paragraph 3 “Review Period for PAR”.
    3. amended paragraph 4.1 on reduced sample size for standard-rated supplies.
    4. inserted paragraphs 4.2 and 5.1.

For more information, please visit the IRAS website.

Source: IRAS website, 18 December 2015