Singapore companies may participate in three voluntary compliance initiatives offered by the Inland Revenue Authority of Singapore (IRAS) to help demonstrate good tax governance and tax risk management. The Goods and Services Tax (GST) Assisted Compliance Assurance Programme (ACAP), available since 2011, was joined by the Tax Governance Framework (TGF) and Tax Risk Management Control Framework for Corporate Income Tax (CTRM) as from 17 February 2022. Companies are strongly encouraged to adopt all three initiatives, although each initiative can be operated independently.
Source Deloitte
Latest Posts in "Singapore"
- Singapore Clarifies GST Registration: New FAQs on Thresholds, Special Cases, and Business Implications
- IRAS Updates FAQs on GST Registration Requirements for Businesses in Singapore, August 2025
- Comprehensive Guide to GST in Singapore: Concepts, Administration, and Schemes (16th Edition)
- IRAS Updates GST Guide for Businesses: Key Changes and New Self-Assessment Requirements
- Singapore Updates GST General Guide for Businesses in Relation to the Gross Margin Scheme
