On or about 2 September 2019, the Inland Revenue Board of Singapore (IRAS) has released the fourth edition of the e-Tax Guide GST: Transfer of Business as a Going Concern and other Excluded Transactions. It replaces the third edition published on 22 April 2019.
The revised e-Tax Guide incorporates the following updates:
- null
- amended the following to reflect the imposition of GST on imported services:
- the definition of “Taxable supply” and footnote 3
- inserted footnotes 4, 14 and 21
- editorial changes
- removed content on supply rules and amended
- paragraph to provide an overview on RC and OVR, and
- content on the time of supply rules for RC supplies
- editorial amendments.
For more information, please visit the IRAS website.
Source: IRAS website, 2 September 2019.