Tax Governance Framework (“TGF”)

Key requirements

Adopt the three-building-block policy and apply for IRAS endorsement, with group/divisional participation rules where relevant. Approval is assessed against compliance and supporting information. The one-time benefit gives qualifying disclosed corporate-tax and WHT errors a two-year grace period, and GST errors two years without ACAP or three with ACAP, provided disclosure occurs within two years of approval. These are defined error-period and disclosure-window rules, not a perpetual immunity. Fraudulent errors and audit-discovered errors are excluded. Keep board policy, responsibilities and controls operational rather than relying solely on a published statement.