On or about 23 September 2019, the Inland Revenue Authority of Singapore (IRAS) has released the fifth edition of the e-Tax Guide GST: Guide for the Insurance Industry.
The revised e-Tax Guide incorporates the following amendments:
- inserted information to explain reverse charge
- revised and inserted information to reflect the changes to the “Directly Benefit” condition with the implementation of reverse charge from 1 January 2020, and
- editorial amendments.
For more information, please visit the IRAS website.
Source: IRAS website, 23 September 2019.