Singapore Extends GST Concession for REITs and Business Trusts to 2030

• Singapore updated its e-Tax Guide on GST concession for REITs and qualifying registered business trusts listed in Singapore.
• The GST concession allows S-REITs and qualifying S-RBTs to claim GST on business expenses.
• The qualifying period for the GST concession is extended to 31 Dec 2030.
• The concession aims to promote Singapore as a preferred listing destination and support growth in the REITs and business trusts market.
• It applies to S-REITs and S-RBTs in infrastructure, aircraft leasing, and ship leasing businesses.
• S-REITs and S-RBTs can claim GST on business expenses, excluding disallowed expenses, regardless of GST registration status.
• The concession treats all supplies by the multi-tiered structure as taxable or exempt for GST claims.
• In 2015, the concession was enhanced to include financing SPVs set up by S-REITs and S-RBTs for raising funds.
• The enhanced concession allows GST claims on expenses related to financing SPVs from 1 Apr 2015 to 31 Dec 2030.
• Qualifying conditions include being listed on the Singapore Exchange and having veto rights over key operational issues of SPVs.

Source: iras.gov.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.

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