On or about 30 October 2019, the Inland Revenue Authority of Singapore (IRAS) has released the fifth edition of the e-Tax Guide GST Guide for the Aerospace Industry. It replaces the fourth edition published on 19 June 2017.
The revised e-Tax Guide incorporates the following updates:
- amended paragraph 9.2and added footnote 8 to include an overseas principal who is registered for GST under the Overseas Vendor Registration (OVR) regime as a pay-only person
- added paragraph 10 on applying reverse charge on imported services added paragraph 5.5.2 to clarify on the scope of aircraft repair and maintenance that qualifies for zero-rating under section 21(3)(p)
- editorial changes made to paragraphs 5.5.3 to 5.5.4
Source: IRAS website, 30 October 2019