Tax Refund Procedure

How to make a Claim?

Foreign Non Individual

  • Download and complete Form R1. Use a separate Form R1 for each income distribution period.
  • Submit the duly completed Form R1, accompanied by the Subsidiary Income Tax Certificate ("SITC") or the Annual Dividend Statement ("ADS") issued by the Central Depository (Pte) Ltd for the distribution in respect of which the claim for refund is made, to M&C Services Private Limited, 138 Robinson Road #17-00, The Corporate Office, Singapore 068906.

Depository Agents

  • Download and complete Form R2, including Annexes 1 and 2. Use a separate Form R2 for each income distribution period.
  • Submit the duly completed Form R2, accompanied by the Subsidiary Income Tax Certificate ("SITC") issued for the distribution in respect of which the claim for refund is made to M&C Services Private Limited, 138 Robinson Road #17-00, The Corporate Office, Singapore 068906.
  • ID numbers such as Singapore NRIC number, passport number or foreign ID numbers are required on Declaration Form for Individuals who hold their Units through Depository Agents.
  • Email a soft copy of the completed Annexes to M&C Services Private Limited at maywee@mncsingapore.com; christineloh@mncsingapore.com.

When to submit Form R1 or Form R2?

  • You may submit Form R1 or Form R2 and accompanying SITC or ADS to M&C Services Private Limited at any time.
  • The Trustee and Manager of Cache will collate the claims for refund submitted by Unitholders and make a claim for refund to the Inland Revenue Authority of Singapore ("IRAS") on a half-yearly basis (Submission deadline is 15 June and 15 December).

When Will Unitholders/Depository Agents receive the Tax Refund?

  • The amount of tax over deducted will be refunded to unitholders/Depository Agents only when IRAS refund the amount to the Trustee and Manager of Cache.
  • The Depository Agents can then proceed to make refunds to their respective beneficial owners