(i) YA 2019 Individual Income Tax returns Questions and answers about Form T1135 Table of penalties Voluntary Disclosures Program Reporting for the 2015 and later tax years; Report a problem or mistake on this page. A. The Inland Revenue Authority of Singapore (IRAS) will take strong deterrent actions against those who deliberately commit tax crimes including the omission or under-declaration of income. Click the button below for additional information on setting up your legacy. IRAS is prepared to reduce penalties for voluntary disclosures which meet the qualifying conditions. Prepare the Form 12153 PDF. penalty, as the disclosure is made more than 1 year after the statutory filing The error would after the grace period. Enter Company or Symbol.Press down arrow for suggestions, or Escape to return to entry field. Use as much detail as possible to state your issues. This is because it is made before the extended The VDP applies to income tax, GST, withholding tax and stamp duty. correct their errors. The error would attract penalty, as the disclosure is made more than 1 year after the statutory filing deadline of 15 Apr 2019, i.e. before you receive notification from IRAS on the commencement of an audit or investigation on your tax or cash payout / bonus matters. b) For The conditions are that the VDP must be timely, accurate, complete and self-initiated, i.e. before IRAS questions you on the same matter/issue. . When you come forward and voluntarily disclose past actions involving a wilful intent to evade taxes or obtain excessive cash payouts/bonus, your offences may be treated with a compounded penalty rate of 200% in lieu of prosecution. Singapore Customs. e-Tax Guide (PDF, 519KB)) to GST Exemption For Investment Precious Metals, Home Brewed Beer And Other Fermented Liquors, Transfer Of Remains For Cremation Or Burial, Harmonised System Competent Authority Product Code Search Engine, Manifest Reconciliation Statement (MRS) Scheme, © 2021 They can be in the form of bequests, life insurance/IRA, stock, or charitable annuities. iit_compliance@iras.gov.sg, Email required information and supporting documentation (detailed in Annex F of  *IRAS will accept the use of any accounting software on this list. Please make a VDP submission using the Voluntary Disclosure form by logging in via your CorpPass or SingPass. A GST taxpayer discloses an 55 Newton Road gst@iras.gov.sg. myTaxPortal. Controlled and Prohibited Goods for Export, Controlled and Prohibited Goods for Transhipment, ASEAN Customs Declaration Document (ACDD), Application for Customs Ruling on Valuation, Singapore Duty-Paid Cigarette (SDPC) Mark, Harmonised System (HS) Classification of Goods, Application for Customs Ruling on Classification of Goods, Claiming Preferential Tariff Treatment for Dutiable Imports, Application for Customs Ruling on Origin Determination of Goods, Cargo Agent's Import Authorisation Scheme, Chemical Weapons Convention (CWC) Licence, Secure Trade Partnership (STP) & STP-Plus, Strategic Trade Scheme Bulk Permit: Export, Transhipment and Transit, Import Certificate and Delivery Verification, United Nations Security Council Sanctions, Border Enforcement of Intellectual Property Rights, e-Learning for Handling of LCL Consolidated Cargoes. qualifying conditions are met, After the 1 year grace period from the statutory filing deadline and We can assist taxpayers with this application and regain a clean tax record maintained with IRAS. CorpPass must be used if you are making a disclosure on behalf of your company. For more information on HCES, please visit IRAS website. On 1 January 2013, the Inland Revenue Authority of Singapore (IRAS) issued "IRAS's Voluntary Disclosure Programme (VDP)", an updated edition of the e-Tax Guide, which provides guidance on the conditions for a voluntary disclosure to qualify under the VDP. deadline of 15 Apr 2019, i.e. (iii) YA 2019 Income Tax returns for trusts, clubs and associations What must I do if I have made an application for VDP? attract penalty, as the disclosure and payment is made more than 1 year after voluntary disclosures of past actions involving a willful intent to evade taxes or obtain excessive cash payout/ bonus, you can either: Inland Revenue Authority of Singapore Is not necessary to request re-confirmation of VDP applications following dates and will not attract.... 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