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refunded to public from March 2024
SINGAPORE - About $1.5 million in GST has been wrongly collected by six government agencies each year for regulatory services, and will be refunded to those affected, the Government said on Feb 14.
The fees for the 18 regulatory services were wrongly deemed as processing fees by six agencies - the Council for Estate Agencies, Housing and Development Board, Land Transport Authority, Singapore Food Agency, Urban Redevelopment Authority, and Office of the Public Guardian, which comes under the Ministry of Social and Family Development.
As a result of the misclassification, GST was collected when people and businesses paid fees for the 18 services, such as to renew their real estate agent licenses, apply to operate a food processing company, register a lasting power of attorney, or rent out an HDB flat or bedroom, among other things.
The agencies have taken immediate steps to stop charging GST on the fees as of Feb 14, and will start contacting affected taxpayers from March, the MOF said in a statement.
“MOF and the six agencies apologise for the erroneous charging of GST. All agencies have taken immediate steps to cease the charging of GST on the affected fees from today,” said Ministry of Finance Second Permanent Secretary Lai Wei Lin. “The Government will refund affected taxpayers the GST charged for the fees, and we will make the refund process as seamless as possible.”
According to Singapore’s GST system, GST should not be charged on fees for regulatory services, which are the kind of services that require a government agency to determine if a business or person is eligible to engage in various activities, based on official rules or laws.
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$7.5m in GST wrongly charged by govt agencies over five year
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14-Feb 2024 Wednesday
12:51 PM (75 days ago)
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