On or about 30 Jul 2021, the Inland Revenue Authority of Singapore (IRAS) has published the first edition of the e-Tax guide, GST: Taxing imported remote services by way of the overseas vendor registration regime <\/p>\n\n\n\n
The Minister for Finance has announced in his Budget 2021 that imported non-digital services supplied in the context of business-to-customer (\u201cB2C\u201d) transactions will be subject to GST by way of extending the overseas vendor registration regime, with effect from 1 Jan 2023. The overseas vendor registration regime will also be extended to B2C supplies of imported low-value goods from 1 Jan 2023 <\/p>\n\n\n\n
With this extension of the regime, all B2C supplies of imported services, whether digital or non-digital, will be brought to tax, if the services can be supplied and received remotely. Such services will be known as \u2018remote services\u2019.
This e-Tax Guide explains the features of the extended overseas vendor
registration regime for imported remote services, and the related GST
registration and reporting rules. It also covers the compliance guidelines, as
well as the transitional rules applicable to supplies of remote services
spanning the implementation of the registration regime on 1 Jan 2023. <\/p>\n\n\n\n
Source: IRAS, 2 August 2021<\/p>\n\n\n
\n
\n<\/p>","protected":false},"excerpt":{"rendered":"
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