Choon NgDec 1, 20122 minNew e-Tax guide on "Pre-registration claims for goods & services"*This update applies to businesses that are GST registered from 1 December 2012, or intend to apply for GST registration in the future* U...
Choon NgNov 30, 20123 minEnhancements to the IRAS Voluntary Disclosure Programme (VDP)Update on 2 January 2013: The IRAS has released the revised e-Tax Guide on the VDP (5th Edition) on 1 January 2013. You can download the ...
Choon NgOct 29, 20121 minFradulent claims land man in 8-week jail and $127K fineA sole proprietor, Lau Giang Boon Eric (“Lau”) was sentenced to 8 weeks’ jail and fined $127,170. Lau had made fictitious entries in his ...
Choon NgOct 2, 20121 minIssue 4: Year-end Edition of GST Pu!se now availableGST collection has hit another high based on the IRAS latest annual report. Do you know how much GST was collected for 1 April 2011 to 31...
Choon NgOct 2, 20122 minSimplified Conditions for Deeming Output Tax on GiftsOn 1 October 2012, IRAS released a plethora of changes and updates on GST. The changes are largely to take into account legislative chang...
Choon NgSep 6, 20122 minClarifications on the ASK Pre-filing checklists submitted to the IRASGSTax Consultancy has written to the IRAS on the ASK PFC to clarify on certain anomalies in the checklist. Below is an extract of the ema...
Choon NgAug 29, 20121 minNew e-Tax Guide on Logistics Service IndustryThe IRAS released a new GST e-Tax guide yesterday on the "Logistics Service Industry" which replaces the GST guide for the "Freight Forwa...
Choon NgAug 2, 20121 minElectronic Tourist Refund Scheme (eTRS) for GST from 19 Aug 2012Effective from 19 August 2012, the Electronic Tourist Refund Scheme (eTRS) will fully replace the paper refund form system. By connecting...
Choon NgJul 21, 20121 minFirst GST-registered retailer fined for not displaying GST-inclusive pricesA GST-registered retailer was fined $4,000 for not displaying GST-inclusive prices at its premises and on its marketing materials. Silver...
Choon NgJul 9, 20121 minPublic Consultation on Draft GST Amendment Billl 2012 is now opened till 27 JulyThe Ministry of Finance is seeking feedback on the draft GST (Amendment) Bill 2012 covering the following GST changes (including those an...
Choon NgJul 4, 20121 minMan jailed for GST fraud and fined $79KThe Manager of a Singapore wholesale trading company was sentenced to a week’s jail and a penalty of almost $79,000. 39 year old Tan Seng...
Choon NgJul 4, 20121 minUpdate on GST F5 - question on ASK PFCBased on our recent clarifications with the IRAS on the use of the ASK Pre-filing Checklists ("ASK PFC") for completing the GST F5 return...
Choon NgJun 27, 20121 minNew Question in GST F5When completing your GST F5 return, the IRAS now requires you to complete the following compulsory question when you login to e-file your...
Choon NgJun 20, 20121 minIRAS released revised e-Tax Guide on Property Owners and Property Holding Companies (5th Ed)In the revised e-Tax Guide, IRAS provided more clarity on the definition of residential property and the GST treatment for serviced apart...
Choon NgApr 25, 20121 minGST Assisted Compliance Assurance Programme (ACAP)The IRAS provided $10m in aggregate of co-funding for the ACAP. A total of $8m has been fully taken up and the next available tranches of...
Choon NgApr 25, 20121 minGST relief for travellers to increase to $600 from 1 April 2012From 1 April 2012, Singaporeans returning from overseas and international visitors will enjoy up to $600 Goods and Services Tax (GST) rel...
Choon NgApr 25, 20121 minPrivate School fined for being late in GST registrationOne of the industries targeted by the IRAS for its GST audit this year is private education institutions. The IRAS has found that one suc...
Choon NgApr 25, 20121 minUpdate on ASK and renewal of the MESThe GST Assisted Self-help Kit (ASK) is a self-assessment package for GST-registered businesses to manage their GST compliance. From 1 ...
Choon NgApr 25, 20121 minIRAS GST Audit Focus for 2012IRAS announced that it will focus its GST compliance reviews on the following industries: General Contractors in Construction Industry Pr...
Choon NgMar 31, 20121 minGSTax Consultancy invited to speak at MRA Conference in KLThe Malaysia Retailers Association (MRA) has invited Choon Beng to speak at their GST conference in Kuala Lumpur, Malaysia on 12 April 20...
