{"id":1299,"date":"2019-08-26T18:40:34","date_gmt":"2019-08-26T10:40:34","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1299"},"modified":"2020-01-17T18:50:33","modified_gmt":"2020-01-17T10:50:33","slug":"e-tax-guide-gst-taxing-imported-services-by-way-of-an-overseas-vendor-registration-regime-revised","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/08\/26\/e-tax-guide-gst-taxing-imported-services-by-way-of-an-overseas-vendor-registration-regime-revised\/","title":{"rendered":"e-Tax Guide GST: Taxing imported services by way of an overseas vendor registration regime revised"},"content":{"rendered":"\n<p>On or about 26 August 2019, the Inland Revenue Board of Singapore (IRAS) has released the second edition of the e-Tax guide, GST: Taxing imported services by way of an overseas vendor registration regime.  It replaces the first edition published on 4 February 2019.  <\/p>\n\n\n\n<p>The guide incorporates the following updates:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>new section on concession for local electronic marketplaces to account for GST on B2B supplies made by suppliers through the marketplace<\/li><li>amended the prospective basis to remove examples that may not be relevant for Overseas Vendors<\/li><li>added a note on the relevant 12-month period for prospective registration liability occurring before 1 January 2020:<ul><li>added details on the features of the simplified pay-only regime: GST registration application process<\/li><li>group registration process and requirements<\/li><li>highlights that the Overseas Vendors registered under the simplified pay-only regime are required to charge and account for GST on all taxable supplies<\/li><li>footnote to highlight the specific boxes available under the simplified pay-only regime<\/li><li>additional details to clarify how errors made in GST returns should be corrected<\/li><li>footnote edited for clarity on the process to claim bad debts.<\/li><\/ul><\/li><li>new section on reporting requirements for digital services made to non-GST registered customers in Singapore<\/li><li>amended content on the transitional rules for discrete supplies of digital services for greater clarity<\/li><li>amended content on the transitional rules for continuous supplies of digital services for greater clarity<\/li><li>new addition to clarify when a discrete\/continuous supply straddling 1 January 2020 should be reported<\/li><li>new addition on the transitional rules and concessions applicable for discrete supplies of digital services where invoice is issued on or after 1 January 2020<\/li><li>new addition information on penalties for misrepresentation by customers<\/li><li>added details to the FAQs<ul><li>amended paragraph 15.2 for greater clarity.<\/li><li>added paragraphs 15.4, 15.5 and 15.6 to highlight other common questions\/ scenarios. <\/li><\/ul><\/li><li>amended Annex A to highlight that only cross-border telecommunication services are excluded from the scope of digital services, and<\/li><li>amended Annex B to highlight implications of digital services made by overseas establishments to customers in Singapore.<\/li><li>amended Annex C to add scenarios for transactions straddling 1 Jan 2020 with suppliers\u2019 invoices issued on\/ after 1 Jan 2020.<\/li><li>added Annex D to illustrate the transitional rules for a continuous supply of digital services.<\/li><li>other editorial changes. <\/li><\/ul>\n\n\n\n<p>For more information, please visit the IRAS website.<\/p>\n\n\n\n<p>Source: IRAS website, 26 August 2019 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>On or about 26 August 2019, the Inland Revenue Board of Singapore (IRAS) has released the second edition of the e-Tax guide, GST: Taxing imported services by way of an overseas vendor registration regime. It replaces the first edition published on 4 February 2019. The guide incorporates the following updates: new section on concession for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,6],"tags":[],"class_list":["post-1299","post","type-post","status-publish","format-standard","hentry","category-gst","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1299"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1299\/revisions"}],"predecessor-version":[{"id":1300,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1299\/revisions\/1300"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1299"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}