On or about 3 January 2019, the Inland Revenue Authority of Singapore (IRAS) has published the ninth edition of GST e-Tax Guide: Major Exporter Scheme. It replaces the eighth edition which was published on 13 March 2018.
This e-Tax Guide explains the mechanism and qualifying criteria for the Major Exporter Scheme (MES) which replaces the IRAS’ e-Tax guide “GST: Major Exporter Scheme (Ninth Edition)” published on 02 Jan 2013.
GST-registered businesses should read the guide if it would like to apply for the scheme where GST is suspended on its business imports.
This e-Tax Guide has amended paragraph 4.1(d) to clarity the MES qualifying conditions following the implementation of customer accounting from 1 Jan 2019.
Source: IRAS, 3 January 2019