When the written notice is needed
The form applies when foreign tax credit has already been given and a downward adjustment by a foreign tax authority makes that credit excessive. Notify IRAS within one year after the foreign authority makes the adjustment. This timing is tied to the foreign adjustment, not simply the date of a Singapore assessment or eventual receipt of a refund. The form estimates fifteen minutes to complete.
Who completes it and how to send it
An individual taxpayer, company director or partnership’s precedent partner completes the notice. Companies may submit through Revise / Object to Assessment in myTax Portal. Alternatively use myTax Mail and select Reply to IRAS. Supply taxpayer name and tax reference, such as NRIC, UEN, ROC or ROB. The submission options are not identical for every taxpayer category: the revision/objection route is expressly company-only.
Describe each adjustment and enclose evidence
For each entry, state the Singapore Year of Assessment in which the FTC is to be revised, the date the foreign authority made the adjustment and its description. List and enclose supporting information/documents or the proposed tax computation. Foreign-language documents require an English translation. Declare the information true and complete and provide the completing person’s name, designation, contact number, signature and date.
Two source examples
One example is foreign withholding on gross service fees followed by a profit-and-loss submission deducting expenses, producing a refund. Attach withholding receipts and the final foreign assessment. Another is an income item initially withheld on but later determined by the foreign authority not to be subject to withholding. Attach receipts and documents proving that decision. These examples identify evidence for a credit revision, not an independent entitlement to a foreign refund.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗