VATupdate

Updated e-tax guide for GST: Guide on Attribution of Input Tax

Amendments:

3 Aug 2022

– Editorial changes

– Amended footnotes 3 and 6 and paragraph 4.4 to reflect that from 1 Jan 2023, GST will also apply to imported low-value goods purchased by consumers in Singapore from GST-registered suppliers.

– Amended paragraph 3.3 to reflect changes made to the Banking Act and Monetary Authority of Singapore Act.

– Amended A1 of the FAQs for further clarity on when input tax on termination expenses can be claimed in full and the GST treatment of termination and non-termination expenses.

Source: gov.sg

Sponsors:

VAT news
VAT news

Advertisements:

  • VAT news
  • VAT news
  • VAT news