In this file photo dated Sept 15, 2022, wild smooth-coated otters are spotted next to Singapore's tourism icon, the Merlion, on its 50th birthday at Merlion Park in Singapore. (PHOTO / XINHUA)

SINGAPORE – Singapore authorities will refund wrongly collected goods and services tax, or GST, worth 7.5 million Singapore dollars ($5.5 million) to taxpayers from March, the Ministry of Finance said on Wednesday.

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The ministry conducted an internal review and found that 18 fees across six agencies were wrongly charged with GST, according to a statement issued by the ministry.

The government agencies will refund the taxpayers based on transactions since 2019 as Singaporean laws require GST-registered entities to keep records for up to five years, the statement added.

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Beyond the five-year period, agencies will make proactive refunds where records are available.