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Understanding the tax costs of carbon trading in Singapore

Those trading carbon credits must ensure that they understand the tax consequences of their transactions in terms of both goods and services tax (GST) and direct tax.

Companies are increasingly looking to buy carbon credits to offset their greenhouse gas emissions and potentially reduce their carbon tax liabilities.

Large emitters in Singapore are exploring this with new vigour given that the country’s carbon tax will be raised in coming years.

Source KPMG

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