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:
- AFCON 2027Q: Super Eagles will not underrate Guinea-Bissau — Chelle
- MUSWEN Congratulates Yusuf Olaolu Ali, SAN, on Crescent University Honorary Doctorate
- 2027: Tompolo rallies Nasarawa for Tinubu, says reforms need consolidation
- ‘Post The Dead Body’ — Phyna Challenges Blessing CEO Over Son’s Reported Death
- AFCON 2027Q: How Simon inspired my goal against Madagascar — Usor
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)
