- Six government agencies in Singapore will refund at least S$7.5 million in wrongly charged Goods and Services Taxes (GST) over the past five years.
- The Ministry of Finance (MOF) and six other agencies apologized for the “erroneous charging” of GST on 18 fees.
- Refunds will be given starting from March this year by various agencies including HDB, LTA, URA, SFA, Office of the Public Guardian, and the Council for Estate Agencies.
- MOF discovered inconsistencies in the application of GST on government fees during an internal review.
- The 18 fees were initially considered processing fees but were actually regulatory fees.
- Refunds will be given to affected individuals and non-GST registered entities.
- About S$1.5 million in wrongly charged GST fees have been identified annually since 2019.
- The refund process will be seamless, with agencies reaching out to affected taxpayers and refunds will be paid with interest for the past five years.
- Taxpayers who have not been contacted can seek a refund by reaching out to agencies by June 30, 2024.
Source: theindependent.sg
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
