The back end refund process is meant for the refund of tax which had been previously withheld at the prevailing corporate tax rate from the distribution instead of payment of gross distributions to the following beneficial unitholders:-
The Manager of SPH REIT (or the “REIT Manager”) will be processing the back-end refund twice a year on 15 May and 15 November but reserves the right to end the half-yearly back-end process if it is deemed to be no longer necessary with advanced notice.
Following from the above, you will have to return the completed declaration form to the Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., within the time limit stipulated for each back-end refund. If the stipulated dates happen to fall on a weekend or public holiday, the deadline will be the next working day.
The back-end refund tax declaration form can be downloaded from SPH REIT’s website at http://www.sphreit.com.sg/ under Investor Relations.
Identification number such as Singapore NRIC number, passport number or foreign identification number is required for individuals who hold their units through Depository Agents.
You may submit Form R1 and R2 with the accompanying SITC or ADS at any time. The REIT manager will process the claim for refund from Inland Revenue Authority of Singapore ("IRAS") on a half yearly basis.
The REIT manager will not process the refund if the SITC or ADS is not submitted.
The REIT Manager will issue a letter together with the cheque for the refund amount to the Depository Agents and unitholders who hold the units directly. This letter will serve as evidence that the tax refunds have been made.
The tax refund will be paid to the Depository Agents and unitholders as soon as practicable after the receipt of tax refund from the IRAS by the Trustee of SPH REIT.
Every claim for refund must be made to the IRAS within 4 years from the end of the year of assessment to which the claim relates. For example, for claiming of refund in respect of taxable income distribution made by SPH REIT for the period 24 July 2013 to 31 August 2013 (which relates to the Year of Assessment 2014), the claim for refund must be submitted to the IRAS on or before 31 December 2018. Unitholders and Depository Agents must ensure that the relevant Forms are submitted on a timely basis to allow SPH REIT to make the refund claims within the prescribed time limit. The IRAS will not process any claim that is out of time.