On 31 May 2018, the Inland Revenue of Singapore (IRAS) has published a ‘Summary of Responses – Public Consultation on Draft e-Tax Guides on GST: Taxing imported services by way of reverse charge and GST: Taxing imported services by way of an overseas vendor registration regime’.
Following the Budget Speech 2018, where GST measures to tax imported services were announced, IRAS conducted a public consultation exercise between 20 February 2018 and 20 March 2018 to seek feedback on two draft e-Tax Guides
- GST: Taxing imported services by way of reverse charge, and
- GST: Taxing imported services by way of an overseas vendor registration regime.
A number of the comments received relate to the registration rules and scope of services under the Reverse Charge and Overseas Vendor Registration Regime.
IRAS will carefully considered all the comments received and will fine-tune the administrative measures, taking into account the comments wherever possible, and will publish the two Guides on 31 December 2018.
Source: IRAS, 3 June 2018