The updated Exchange Rate Search Function (covering financial years ending 2021 to 2025) has been uploaded. The search function allows taxpayers that prepare tax computations in functional currencies other than Singapore dollars to retrieve the average exchange rate and convert the foreign currency amount to Singapore dollars.
i) To reflect the new requirement to submit a declaration via FormSG upon completion of PAR and to provide the specific circumstances that required the submission of GST F28/GST F28A with effect from 1 Feb 2026,
a. Amended paragraph 11.2.1, 11.2.9
b. Added paragraph 11.2.2 to 11.2.8
c. Amended “Appendix 2: Information Leaflet on Post ACAP Review (“PAR”)
Amended paragraph 3.1, 5.5
Added paragraph 5.1, 5.2, 5.3, 5.4
Added footnote 62, 63
d. Amended “Appendix 3: Information Leaflet on Certified Post ACAP Review (“PAR”)
Amended paragraph 4.1
Added paragraph 4.2
e. Added hyperlink to new “Declaration on Completion of Post ACAP Review” in paragraph 16.
i) To reflect the removal of requirement to perform Renewal PAR for ACAP Renewal status approved on/after 1 Jan 2025, new requirement to submit a declaration via FormSG upon completion of PAR and to provide the specific circumstances that required the submission of GST F28/GST F28A with effect from 1 Feb 2026 as follows:
a. Amended paragraph 3.7, 9.3.1, 9.3.5, 9.3.7
b. Added paragraph 9.3.2, 9.3.3, 9.3.4
c. Added footnote 21
d. Amended “Appendix 2: Information Leaflet on Post ACAP Review (“PAR”) after ACAP Renewal”
Amended paragraph 3.1, 5.4. 5.5
Added paragraph 5.1, 5.2, 5.3
Added footnote 52, 54, 55, 56
e. Amended “Appendix 3: Information Leaflet on Certified Post ACAP Review (“PAR”)
Amended paragraph 4.1
Added paragraph 4.2
f. Added hyperlink to new “Declaration on Completion of Post ACAP Review” in paragraph 13.
Updated Step 3 to refer users to the new webpage Guide to completing GST registration form to find out what are the information and documents required for the online submission.