On or about 24 September 2019, the IRAS has released the fifth edition of the e-Tax Guide GST: Guide Partial Exemption and Input Tax Recovery.
The revised e-Tax Guide incorporates the following amendments:
- added an explanation of “first issue”
- expanded the Frequently Asked Questions section
- added information 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.