Timing and scope
The programme covers income tax, cash payouts, GST, withholding tax and stamp duty. A disclosure is normally self-initiated when made before an IRAS query on the matter or notice of audit or investigation. Disclosing only after such contact does not automatically qualify. Different submission routes apply to individuals, self-employed people, companies and each tax type.
Reduced penalties differ by tax
Qualifying disclosures within one year of the statutory filing deadline can receive no penalty. After that, income-tax errors generally attract 5% for each late back year, while GST and withholding-tax errors use a flat 5%. Stamp-duty late stamping or underpayment has no grace period and uses 5% per annum calculated daily; qualifying stamp-duty avoidance uses a flat 5% surcharge.
Deliberate evasion is a separate treatment
Voluntary disclosure of wilful income-tax, GST or withholding-tax evasion may be compounded at 200% instead of prosecution if conditions are met. It is not the ordinary error waiver. TGF, CTRM, ACAP and ASK have their own qualifying extensions or waivers, set out in the original guide.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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