IRAS is seeking public consultations with respect to taxing imported services by way of a reverse charge following the 2018 Budget announcement.
It has issued the following two draft e-Tax guides:
- GST: Taxing imported services by way of reverse charge — This relates to the future implementation of the reverse charge mechanism to tax Business-to-Business (B2B) supplies of imported services.
- GST: Taxing imported services by way of an overseas vendor registration regime — This relates to the implementation of the Overseas Vendor Registration Scheme to tax Business-to-Consumer (B2C) supplies of digital services.
IRAS is compiling feedback from businesses up till 20 March 2018.
Source: IRAS, 20 February 2018