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. 

 

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

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

2014

2013 (e.g. 1 Jan 2013 to 31 Dec 2013)

31 Dec 2018

20182017 (e.g. 1 Jan 2017 to 31 Dec 2017)31 Dec 2022

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

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

2014

2013 (e.g. 1 Jul 2012 to 30 Jun 2013)

31 Dec 2018

20152014 (e.g. 1 Jul 2013 to 30 Jun 2014)31 Dec 2019
 20162015 (e.g. 1 Oct 2014 to 30 Sep 2015)31 Dec 2020
 20172016 (e.g. 1 Oct 2015 to 30 Sep 2016)31 Dec 2021

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