{"id":1486,"date":"2019-10-29T16:41:53","date_gmt":"2019-10-29T08:41:53","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1486"},"modified":"2020-01-25T16:53:34","modified_gmt":"2020-01-25T08:53:34","slug":"e-tax-guide-gst-assisted-compliance-assurance-programme-acap-revised-3","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/10\/29\/e-tax-guide-gst-assisted-compliance-assurance-programme-acap-revised-3\/","title":{"rendered":"e-Tax Guide GST: Assisted Compliance Assurance Programme (ACAP) revised"},"content":{"rendered":"\n

On or about 29 October 2019, the Inland Revenue Authority of Singapore (IRAS) has released the tenth edition of the e-Tax Guide GST: Assisted Compliance Assurance Programme (ACAP). It replaces the ninth edition published on 2 April 2018. <\/p>\n\n\n\n

The revised e-Tax Guide incorporates the following updates: <\/p>\n\n\n\n

  1. inserted Glossary under paragraph 3<\/li>
  2. editorial changes <\/li>
  3. Appendix 1 \u201cGST ACAP Review Guidance\u201d
    1. inserted and amended the following on customer accounting, imposing GST on imported services by way of reverse charge\/overseas vendor registration regime:
      • inserted sample sizes for substantive testing under table 1 and 2 of paragraph 5.31 and 5.40 respectively<\/li>
      • amended paragraphs 1.17(b), 1.23(b), 5.20, 5.26, 5.29, 5.32, 5.36, 5.39, and 5.41; diagram under paragraph 5.7; and footnotes 14, 16, 20, and 24 <\/li>
      • amended paragraphs 3.12, 3.4(b), 5.25, 5.35, 6.4(b), and 6.4(d) <\/li>
      • removed examples of common GST risk areas under paragraphs 5.25, 5.35 and 6.4(b). <\/li>
      • inserted Section 10 \u201cGST risks at Entity, Transaction and GST Reporting levels\u201d <\/li>
      • editorial changes <\/li><\/ul><\/li><\/ol><\/li>
      • Appendix 1 \u2013 Annex 1 \u201cSelf-Review of GST Controls\u201d & Appendix 1 \u2013 Annex 5B \u201cNotes to Report on Factual Findings\u201d
        1. refer to \u2018Updates\u2019 tab in Annex 1 \u201cSelf-Review of GST Controls\u201d for the amendments made. <\/li><\/ol><\/li>
        2. Appendix 2 \u201cInformation Leaflet on Post ACAP Review\u201d
          1. inserted paragraphs 2.7 to 2.9 on review of new processes <\/li>
          2. inserted sample sizes for substantive testing on customer accounting, imported services and digital services under paragraph 4.1 <\/li>
          3. editorial changes <\/li><\/ol><\/li><\/ol>\n\n\n\n

            For more information, please visit the IRAS website.<\/p>\n\n\n\n

            Source: IRAS website, 29 October 2019<\/p>\n\n\n


            \n
            \n<\/p>","protected":false},"excerpt":{"rendered":"

            On or about 29 October 2019, the Inland Revenue Authority of Singapore (IRAS) has released the tenth edition of the e-Tax Guide GST: Assisted Compliance Assurance Programme (ACAP). It replaces the ninth edition published on 2 April 2018. The revised e-Tax Guide incorporates the following updates: inserted Glossary under paragraph 3 editorial changes Appendix 1 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,6],"tags":[],"class_list":["post-1486","post","type-post","status-publish","format-standard","hentry","category-gst","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1486"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1486\/revisions"}],"predecessor-version":[{"id":1487,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1486\/revisions\/1487"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1486"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}