On or about 19 November 2019, the Inland Revenue Authority of Singapore (IRAS) has published a summary of the key suggestions received on the draft e-Tax Guide “GST: Digital Payment Tokens” and its responses to the suggestions.

The IRAS has received 19 comments from respondents include:

  • Suggestions and clarifications on the definition of DPT;
  • Requests to treat the first issuance of DPT as a regulation 33 exempt supply;
  • Requests for GST remission for supplies of DPT made before 1 January 2020; and
  • Clarifications on GST reporting requirements.

For more information, please visit the IRAS website.

Source, IRAS website, 19 November 2019