top of page
  • Writer's pictureChoon Ng

IRAS releases new video on input tax

Common errors on input tax claims explained using an info video from IRAS Around 3,000 GST-registered businesses are selected by the IRAS for audit every year. The most common mistakes discovered are incorrect input tax claims. On average, more than $18,000 in GST and penalties are recovered yearly by the IRAS from each business due to such errors. Get to know the common input tax errors made by businesses and learn how you can avoid them through the video below. Common input tax errors video (Note: about 14.5 mins long) 

Source: IRAS

83 views0 comments

Recent Posts

See All

GSTax Consultancy featured in "Best in Singapore"

We chanced upon this feature and would like to thank the team at "Best in Singapore" for their vote of confidence and kind recognition. A

GST returns extended from 30 Apr to 11 May 2020

In light of the latest measures that the government has introduced to combat COVID-19 last week, the filing due date for all GST returns due in Apr 2020 will be automatically extended to 11 May 2020.

Claiming GST on Expenses for Qualifying Funds

Funds may incur GST when the fund procures services (e.g. fund management service) from GST-registered businesses. To simplify the rules for claiming GST incurred, all qualifying funds that are manage

bottom of page