by admin | Apr 10, 2024 | Accounting, Goods and Services Tax, Tech News
The Singapore High Court has dismissed an appeal by THM International Import & Export Pte Ltd (THM), reinforcing that factual determinations by the Goods and Services Tax Board of Review (Board) generally fall outside the scope of judicial appeal. The ruling...
by admin | Apr 2, 2024 | Accounting, Goods and Services Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has announced a significant change to the Goods and Services Tax (GST) administrative concession applicable to trade-in transactions within the gold jewellery industry, effective 1 January 2025. Current Concession:...
by admin | Feb 24, 2022 | Goods and Services Tax, Tech News
On or about 23 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has updated its web page to rules on imported low-value goods and business-to-customer (“B2C”) non-digital services straddling 1 Jan 2023. The Minister for Finance announced in Budget 2021 that...
by admin | Feb 24, 2022 | Goods and Services Tax, Tech News
On or about 23 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has updated its web page to transitional rules for GST rate change. Supplies that span the change of GST rate A supply spans the change of GST rate where one or two of the following events takes...
by admin | Feb 23, 2022 | Goods and Services Tax, Tech News
On or about 22 Feb 2022, the Inland Revenue Authority of Singapore (IRAS) has updated its web page to GST Rate Change for Businesses. In Budget 2022, the Minister for Finance announced that the GST rate will be increased from: 7% to 8% with effect from 1 Jan...
by admin | Feb 21, 2022 | Goods and Services Tax, Tech News
Tax changes – GST Increase the GST rate to meet increased recurrent spending needs The GST rate increase will be delayed to 2023. To meet increased recurrent spending needs, The GST rate will be increased in two steps: From 7% to 8% with effect from 1 January...
