The Inland Revenue Authority of Singapore (IRAS) on 30 July 2021 released two new e-Tax Guides “GST: Taxing imported low-value goods by way of the overseas vendor registration regime” and “GST: Taxing imported remote services by way of the overseas vendor registration regime,” explaining the features of the OVR regime for imported LVG and remote services, and the related GST registration and reporting rules.
This article summarizes the key aspects of the IRAS guidance.
Source: Deloitte
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