{"id":1306,"date":"2019-08-22T20:45:07","date_gmt":"2019-08-22T12:45:07","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1306"},"modified":"2020-01-18T17:26:28","modified_gmt":"2020-01-18T09:26:28","slug":"e-tax-guide-gst-taxing-imported-services-by-way-of-reverse-charge-revised","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/08\/22\/e-tax-guide-gst-taxing-imported-services-by-way-of-reverse-charge-revised\/","title":{"rendered":"e-Tax Guide GST: Taxing imported services by way of reverse charge revised"},"content":{"rendered":"\n<p>On or about 22 August 2019, the Inland Revenue Authority of Singapore (IRAS) has released the second edition of the e-Tax guide on GST: Taxing imported services by way of reverse charge.  It replaces the first edition published on 4 February 2019.   <\/p>\n\n\n\n<p>The e-Tax Guide incorporates the following updates: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Amended the definition of taxable supplies for performing De Minimis test<\/li><li>Amended businesses that make non-regulation 33 exempt supplies but are entitled to full input tax credit<\/li><li>Amended transfer pricing adjustment with no financial settlement<\/li><li>Inserted a note on the relevant 12-month period for prospective registration liability occurring before 1 Jan 2020<\/li><li>Amended content on GST F5 return for reporting of imported services subject to reverse charge<\/li><li>Amended content on GST F5 return for reporting adjustments for unpaid reverse charge transactions<\/li><li>\u2022 New footnote on the input tax recovery rate to be applied on a subsequent repayment of a reverse charge transaction<\/li><li>Amended the rules for reverse charge transactions straddling 1 Jan 2020<\/li><li>Amended S-REITs, S-RBTs and SPVs\u2019 registration liability, GST remission on other supplies and reporting requirements<\/li><li>New additions for qualifying funds\u2019 registration liability, GST remission on other supplies and reporting requirements<\/li><li>New adjustment of input tax when a GST-registered person determines he is not required to apply RC for a longer period<\/li><li>New additions on benefits and qualifying conditions for Pay-Only GST RC Group<\/li><li>Amended S\/N 27 and 34 of Annex B on director fee and overseas representative office\u2019s expenses<\/li><li>Amended Annexes D and E on the rules for transactions straddling 1 Jan  2020 with suppliers\u2019 invoices issued on\/after 1 Jan 2020<\/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, 22 August 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On or about 22 August 2019, the Inland Revenue Authority of Singapore (IRAS) has released the second edition of the e-Tax guide on GST: Taxing imported services by way of reverse charge. It replaces the first edition published on 4 February 2019. The e-Tax Guide incorporates the following updates: Amended the definition of taxable supplies [&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-1306","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\/1306","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=1306"}],"version-history":[{"count":3,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1306\/revisions"}],"predecessor-version":[{"id":1311,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1306\/revisions\/1311"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1306"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}