Tag Archives: ASK

Singapore GST – ASK Review: Declaration Form On ASK Administrative Concession


In 2017, the Inland Revenue Authority of Singapore had shared that it was reviewing the commonly encountered ASK issues /requests so that the GST: Assisted Self-Help Kit (ASK) Annual Review Guide can be issued to allow businesses to self-assess without the need to disclose such issues to IRAS as long as certain conditions are satisfied.

On 5 September 2017, IRAS issued the revised e-Tax Guide and stated that a list of administrative concessions for common erros discovered in the course of ASK Annual REview can be found in the “ASK: Declaration Form on ASK Administrative Concessions”.  The IRAS states that businesses may enjoy these concessions if the errors fall within the prescribed scenarios.  No approval is required to be sought from the Comptroller for the purpose of enjoying these concessions which would only apply to past errors.   Businesses are required to take remedial actions to prevent recurrence of these errors and submit the “ASK: Declaration Form on ASK Administrative Concessions” to IRAS and retain the declaration for at least 5 years.

However, if IRAS discovers that a business has either wrongly applied, abused any concession, made a false or incorrect declaration or failed to take remedial actions, enforcement actions (such as the recovery of tax and the imposition of penalties) may be taken against the business.

Finally, the scenarios cited in the administrative concessions list are not exhaustive. If the scenarios not covered in the guide or other publications issued by IRAS (e.g. other GST guides or Practice Notes), businesses are advised to write to IRAS, providing full details of the errors.

Have a Question

Are you interested in joining our mailing list to receive our regular update on Singapore tax and international tax matters that may impact on your business?

Join Our Mailing List

Interested in Scheduling a Tax Consultation with us? Click here to Schedule a 30-Min Reduce Your Tax Bill Consultation with us:

Schedule Appointment

Advertisements

Singapore GST – ASK Annual Review Guide (5th Edition) Updated


IRAS has updated its GST ASK Annual Review e-Tax Guide (5th Edition) on 5 September 2017.   One of the major amendment to the 5th Edition is summarised below:

 Introduction of the administrative concession for common errors disclosed through the ASK Annual Review

IRAS has introduced a list of administrative concession for common errors discovered in the course of ASK Annual Review, which can be found here.  Taxpayers may consider taking advantage of these administrative concessions if their errors fall within the scenarios described and if the prescribed conditions (if any) are satisfied without the need of seeking any advance approval from the Comptroller of GST.

Take note that unless otherwise stated, the administrative concessions will only apply to past errors and businesses are required to take remedial actions to prevent recurrence of the errors.

Taxpayers who adopt any of the administrative concessions are required to complete the “ASK: Declaration Form on ASK Administrative Concessions” and submit it to IRAS and retain the declaration for at least 5 years.

If IRAS discovers that a business has either wrongly applied, abused any concession, made a false or incorrect declaration or failed to take remedial actions, enforcement actions (such as the recovery of tax and the imposition of penalties) may be taken against the business.

The scenarios cited in the administrative concessions list are not exhaustive. For scenarios not covered in the guide or other publications issued by IRAS (e.g. other GST guides or Practice Notes), taxpayers are advised to write to IRAS, providing full details of the errors. It is not necessary to write in for situations already covered in IRAS’ publications.

If you have any questions, contact support@whm-consulting.com.