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MES status granted on a 5 yearly basis


Major Exporter Scheme ("MES")

To reduce the compliance costs for businesses, the IRAS has extended the MES status period from the current 3 years to 5 years.

Qualifying businesses renewing their MES statuses will now enjoy a 5 year cashflow benefit provided they submit a certified Assisted Self-help Kit ("ASK") Declaration Form. The IRAS also encourages businesses to conduct an annual self-review using the ASK as a compliance health check on the GST returns filed.

For assistance on MES, please feel free to contact us at 6652 5509 or email: Ask@GSTaxConsultancy.com

#majorexporterscheme #gst #MES

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