GST ACAP & ASK Certification

GST Assisted Compliance Assurance Programme (ACAP)

ACAP is a compliance initiative for businesses which voluntarily conduct a holistic risk-based review to endorse the effectiveness of their GST controls. The Inland Revenue Authority of Singapore (IRAS) introduced ACAP in 2011, in order for large businesses to have a robust GST control framework. Since the introduction, we have over 800 businesses from different industries have successfully applied for ACAP.

* According to the latest data from IRAS website, more than 500 businesses have attained ACAP status. More than 90% of businesses with ACAP status expiring have applied for renewal. The scope of ACAP review is on the depth of management oversight and control activities present at the entity, transaction and reporting levels over a tested period of twelve (12) months.

* the above source is adapted from IRAS at www.iras.gov.sg

Typically, the review is carried out over a 15-month period. You have to engage an independent reviewer to conduct a review of your past GST returns filed in a 12-month period (“Review Year”). With an accredited Tax Advisor (Income Tax and GST) on our team, we are qualified to perform ACAP review.

Our achievements include:-

Held the distinction of obtaining Premium Status for a Singapore main-board listed company which is in the B2B business of furniture production, with markets in Europe, America, South-East Asia, Australia, Japan, and Korea.

Assisted a client to improve its GST control framework to avoid hefty penalties for errors and non-compliance and eventually, successfully obtain ACAP status after a period of two (2) years.

We have a team of highly qualified in-house experts

Our in-house expert is an Accredited Tax Advisor (Income Tax and GST), who can assist you with the fuss-free application for or renewal of the ACAP status and the assurance of quick turnaround time.

  • Masters of International Taxation (New South Wales);
  • Chartered Tax Adviser (Australia), Tax Institute of Australia;
  • Fellow of the Taxation Institute of Hong Kong (TIHK);
  • Member of the Tax Executive Institute (TEI),USA;
  • Advanced Diploma in International Tax, Chartered Institute of Taxation;
  • Advanced Professional Certificate in International Taxation (APCIT).

GST Assisted Self-help Kit (ASK)

* ASK is a comprehensive self-assessment compliance package that aids businesses to review the correctness of their GST submissions and discover past GST errors early so as to qualify for IRAS’ Voluntary Disclosure Programme. GST-registered businesses may adopt ASK on voluntary basis. But conducting ASK is compulsory when you are applying for or renewing these GST Schemes.

* the above source is adapted from IRAS at www.iras.gov.sg

We successfully obtain certification for clients who apply for or renew Major Exporter Scheme (MES), Import GST Deferment Scheme (IGDS), Approved Third Party Logistics Company Scheme (A3PLCS). 

The majority of our clients apply for or renew their certification under the MES. Our clients are in the business of trading of pumps, motors, spare parts, trading of copier consumables, shipping, general import and export with logistics warehousing.

Our achievements include:-

Major Exporter Scheme (MES)

Notable clients include Nittsu Shoji (Singapore) Pte Ltd, a wholly owned subsidiary of Nippon Express Co. Ltd, Japan.

Import GST Deferment Scheme (IGDS)

We successfully obtained certification for Kim Siang Jewellery, a local SME under this scheme.

Approved Third Party Logistics Company Scheme (A3PLCS)

We successfully obtained certification for Nissin Transport (S) Pte Ltd under this Scheme.

If you are also applying for the following schemes, we can assist you with the self-review:

  • Approved Marine Customer Scheme (AMCS);
  • Approved Contract Manufacturer and Trader (ACMT) Scheme; or
  • Approved Refiner and Consolidator Scheme (ARCS); or
  • Approved Import GST Suspension Scheme (AISS).

We have a team of highly qualified in-house experts:

Our in-house expert is an Accredited Tax Advisor (Income Tax and GST), who can assist you with the fuss-free application for or renewal of the MES/IGDS/A3PLCS/ACMT and the assurance of quick turnaround time.

Our in-house expert holds the following qualifications:

  • Masters of International Taxation (New South Wales);
  • Chartered Tax Adviser (Australia), Tax Institute of Australia;
  • Fellow of the Taxation Institute of Hong Kong (TIHK);
  • Member of the Tax Executive Institute (TEI), USA;
  • Advanced Diploma in International Tax, Chartered Institute of Taxation;
  • Advanced Professional Certificate in International Taxation (APCIT).

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ADDRESS

1 Scotts Road, #24-10, Shaw Centre
Singapore 228208

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(65) 65898975

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