On or about 24 September 2019, the Inland Revenue Authority of Singapore (IRAS) has published the fifth edition of the e-Tax Guide on Attribution of Input Tax.
The revised e-Tax Guide incorporates the following amendments:
- added footnotes for an explanation of “first issue”
- expanded the Frequently Asked Questions section to include Q2, Q3 and Q4
- added footnotes on the value of taxable supplies and total supplies for the De Minimis Rule and Regulation 35 Test (this update is in line with the implementation of the reverse charge and overseas vendor registration regime from 1 January 2020), and
- included details on imported services that are directly attributable to taxable supplies.
For more information, please visit the IRAS website.
Source: IRAS website, 24 September 2019.