VATupdate

Share this post on

Government to Publish List of Non-Taxable Services After $7.5m GST Error

  • List of non-taxable government services to be published in end-April
  • GST wrongly collected on affected transactions ranged from below $1 to about $1,500
  • Ministry of Finance and Inland Revenue Authority of Singapore to work closely with government agencies to assess fees for GST collection
  • Amendments to Singapore’s GST law will result in GST being collected for over 100 government services where it is currently not charged
  • Government’s policy intent for GST is that regulatory fees should not be subject to tax, while fees for services should be subject to GST
  • Freeze on fees affected by GST until end of 2025 to reduce impact on public
  • $7.5 million in GST wrongly collected on regulatory services by six public agencies
  • Mistakes in GST collection discovered during internal review by MOF in November 2023

Source: singaporelawwatch.sg

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com