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GST Assisted Compliance Assurance Programme (ACAP)

25-Apr-2012

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 $2m will be co-funded only as follows:

 

Funding amount       Application period       Qualifying period

$1m                            From 1 April 2013        1 April 2013 to 31 March 2014

$1m                            From 1 April 2014        1 April 2014 to 31 March 2016

 

In other words, if you have been thinking about starting ACAP this year and have not applied, there will be no co-funding available for the work by the IRAS. However, funding will be available if you apply from 1 April next year till 31 March 2016, or until the funds are taken up, whichever is earlier.

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