Cash Accounting Scheme

Key Requirements

The scheme generally serves taxable supplies not exceeding S$1 million under the defined calculation. Outstanding returns or tax and specified offences or withdrawal history can prevent eligibility. Output tax arises on payment received; input tax is claimed on payment to suppliers, rather than using ordinary invoice timing on only one side. Approval begins at the specified next accounting period and lasts three years; reapply at least three months before expiry. Crossing S$1 million during that approved period has the stated continuation treatment. Keep cash-receipt and payment records and reconcile transition items so invoices are not omitted or counted twice.