Singapore authorities are to refund wrongly collected goods and services tax (GST) worth 7.5 million Singapore dollars (5.5 million U.S. dollars) to taxpayers from March.
The ministry of finance said this in a statement issued on Wednesday.
It said the ministry found out after an internal review that 18 fees across six agencies were wrongly charged with GST.
READ ALSO:
- NANS Backs Insurance Sector’s Transformation Agenda, hails NAICOM
- SJN Trains Osun Journalists on Accurate Reportage of SRHR, SGBV
- At 66, Nigeria on the path to a stronger, more prosperous nation – Yilwatda
- Nollywood Stars Dakore, Timini Pen Heartfelt Tributes As Mother Turns 70
- ‘Stop Offering Spiritual Solutions To Practical Problems’ — Mary Njoku To Pastors
The government agencies would refund the taxpayers based on transactions since 2019 as Singaporean laws require GST-registered entities to keep records for up to five years, said the statement.
Beyond the five-year period, agencies would make proactive refunds where records are available. (Xinhua/NAN)
