Effective 1 September 2026, the Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide for the Goods and Services Tax (GST) Assisted Compliance Assurance Programme (ACAP) renewal process. The amendments introduce mandatory review of partial exemption rules application on input tax recovery for partially exempt businesses during ACAP renewal reviews. Additionally, the guidance now requires enhanced business information disclosure in Section 1 of the ACAP Renewal Report and new procedural guidelines for technical clarification requests. These changes reflect IRAS’s continued focus on strengthening GST compliance assurance for larger taxpayers under the voluntary ACAP framework.
Key Takeaways
- Partial Exemption Rule Review Mandate: ACAP renewal reviews must now explicitly assess the correct application of partial exemption rules for input tax recovery, ensuring partially exempt businesses accurately attribute input tax between taxable and exempt supplies.
- Enhanced Disclosure Requirements: Taxpayers must provide additional business information in the ACAP Renewal Report, improving IRAS’s risk assessment capabilities and transparency.
- Technical Clarification Protocol: New paragraphs 8.7 to 8.10 establish formal guidelines for information required when requesting GST technical clarifications, streamlining IRAS’s response process.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement