5 Major Developments in Singapore

5 Major Developments in Singapore

• Over 4,600 Cases of Duty and GST Evasion Detected at Singapore Land Checkpoints

• IRAS Updates on InvoiceNow for GST Administration: Pilot Project and New Digital Solutions

• Mandatory e-invoicing based on Peppol

• GST Comptroller Decision Denying Input Tax Claim Upheld

• Singapore Issues New Guidance on GST Rate Increase to 9% from Jan 2024

CBAM

• Singapore Sets Out Eligibility Criteria For International Carbon Credits Under Carbon Tax Regime

• Addressing the Risk of Carbon Leakage: Assessing the EU’s Carbon Border Adjustment Mechanism

Deduction (Input Tax Credit)

• GST Comptroller Decision Denying Input Tax Claim Upheld

E-invoicing

• IRAS Updates on InvoiceNow for GST Administration: Pilot Project and New Digital Solutions

• Mandatory e-invoicing based on Peppol

• Pagero is compliant with the newly proposed PASR in Singapore

• Singapore InvoiceNow E-Invoicing; Pilot Completes

• Singapore announces adoption of Peppol CTC for enhanced GST administration

• E-Invoice Conversion in the APAC Region | Part 2

• Peppol and InvoiceNow in Singapore – All the Information Your Business Needs

Environmental Tax

• Singapore Sets Out Eligibility Criteria For International Carbon Credits Under Carbon Tax Regime

Fraud / Tax Evasion

• Over 4,600 Cases of Duty and GST Evasion Detected at Singapore Land Checkpoints

• Two Individuals Charged for Perpetrating a $55 Million GST Missing Trader Fraud; Another Charged for Breaching Director’s Duties

Invoice

• GST Comptroller Decision Denying Input Tax Claim Upheld

Rate

• GST Comptroller Decision Denying Input Tax Claim Upheld

• Singapore Issues New Guidance on GST Rate Increase to 9% from Jan 2024

• International VAT Rate Round Up: September 2023

• September Snippets: Latest Headlines from the World of Indirect Tax

• Singapore GST rise to 9% Jan 2024 – new guidance

• Singapore Updates Guidance on Preparing for GST Rate Change

• Changes in standard VAT rates in Estonia, Luxembourg, Singapore and Switzerland per Jan 1, 2024

• Singapore going ahead with GST hike to 9%, bigger ‘Assurance Package’ likely

Real Estate/Immovable Property

• Profits method used to value property for property tax purposes

Refund

• GST Comptroller Decision Denying Input Tax Claim Upheld

• GST Vouchers 2023: Everything you need to know plus the amount you’ll get

Reporting / Compliance

• Singapore Updates Guidance on Record Keeping Requirements

Vouchers

• GST Vouchers 2023: Everything you need to know plus the amount you’ll get