The government in Singapore is prepared to refund Goods and Services Tax, GST, worth 7.5 million Singapore dollars to taxpayers from March.
The ministry of finance in a statement issued on Wednesday, disclosed that it found out after an internal review that 18 fees across six agencies were wrongly charged with GST.
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“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”, the statement noted.
Beyond the five-year period, agencies would make proactive refunds where records are available.
Credible news.ng
