Time Limit to Raise Assessment

 

The statutory time limit for IRAS to raise an assessment or additional assessment is four years. However, this statutory time limit will not apply to cases where fraud is involved.

Examples

Companies with December financial year end

Year of Assessment (YA)Financial Year ending inStatutory time limit to raise an assessment/
additional assessment

2015

2014 (e.g. 1 Jan 2014 to 31 Dec 2014)

31 Dec 2019

20192018 (e.g. 1 Jan 2018 to 31 Dec 2018)31 Dec 2023

Companies with non-December financial year end, e.g Jun, Sep

YAFinancial Year ending inStatutory time limit to raise an assessment/
additional assessment

2015

2014 (e.g. 1 Jul 2013 to 30 Jun 2014)

31 Dec 2019

20162015 (e.g. 1 Jul 2014 to 30 Jun 2015)31 Dec 2020
20172016 (e.g. 1 Jul 2015 to 30 Jun 2016)31 Dec 2021
20182017 (e.g. 1 Oct 2016 to 30 Sep 2017)31 Dec 2022
20192018 (e.g. 1 Oct 2017 to 30 Sep 2018)31 Dec 2023

RATE THIS PAGE

  • Strongly Disagree
  • Strongly Agree

Information is easy to understand.

Information is useful.

Information is easy to find.

 
Please email us if you would like us to respond to your enquiries.