- From 1 February 2026, ACAP businesses must submit a FormSG “Declaration on Completion of Post ACAP Review” for each post-ACAP review completed.
- The GST F28 Post ACAP Review Report is generally no longer required, except in specific cases such as IRAS-directed additional reviews, major business/process changes, use of PAR for GST scheme applications, or when not renewing ACAP status.
- Businesses must still keep copies of GST F28 and relevant appendices for their records, as IRAS may request them.
- Errors identified should be corrected via GST F7 or in the next GST F5 if eligible under the administrative concession.
- ACAP businesses with renewal status approved on or after 1 January 2025 generally do not need to do the renewal PAR, unless IRAS requests it, PAR is used for GST scheme support, or ACAP status is not being renewed.
Source: ey.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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