On or about 12 September 2019, the Inland Revenue Board of Singapore (IRAS) has released the second edition of the e-Tax Guide GST: Guide on Non-Business Receipts – Business Tests and the Effect of Non-Business Receipts on Input Tax Claims.
The revised e-Tax Guide incorporates a revised paragraph which clarifies that the receipt of outright grants or donations by a taxable person does not necessarily mean that the taxable person need to apportion and claim only a portion of his input tax.
For more information, please visit the IRAS website.
Source: IRAS website, 12 September 2019.