by admin | Jan 8, 2022 | Company Law, Goods and Services Tax, Income Tax, Property Tax, Stamp Duties, Tech News
On or about 31 Dec 2021, under s 10 of the Revised Edition of the Laws Act 1983, the Law Revision Commission has published a revised edition of the following Acts: Companies Act 1967Economic Expansion Incentives (Relief from Income Tax) Act 1967Estate Duty Act...
by admin | Jan 6, 2022 | Goods and Services Tax, Tech News
Determining whether a supply is a B2B supply or B2C supply Under the Overseas Vendor Registration (OVR) regime, overseas suppliers are required to treat the services as supplied to a non-GST registered customer and charge and account for GST on their supplies. This is...
by admin | Jan 5, 2022 | Goods and Services Tax, Tech News
Where a return shows that the amount of input tax paid by the taxable person has exceeded the output tax which the taxable person has charged to the customers, the difference will be repaid to the taxable person (s 19(5) of the GST Act). Tax credits may be refunded...
by admin | Jan 4, 2022 | Goods and Services Tax, Tech News
On or about 3 Jan 2022, the amendment orders that update the list of goods granted relief from import GST have been released. Subject to conditions, the following imports are granted relief from the payment of GST: from 16 December 2021, the import of a “Class 2 CTGT...
by admin | Aug 14, 2021 | Goods and Services Tax, Tech News
On or about 12 Aug 2021, the Inland Revenue Authority of Singapore (IRAS) has released the GST (Imports Relief) (Amendment) Order 2021 that updates the list of goods granted relief from import GST, which will comes into operation on 13 August 2021. From 13 August...
by admin | Aug 11, 2021 | Goods and Services Tax, Tech News
On or about 10 Aug 2021, the Inland Revenue Authority of Singapore (IRAS) has published the sixth edition of the e-Tax guide, GST: Transfer Pricing Guidelines. It replaces the fifth edition published on 23 Feb 2018. This e-Tax guide aims to helps in: applying the...
