- Inland Revenue issued a ruling on 16 March 2026 regarding GST treatment of discretionary investment management service (DIMS) fees.
- A single global fee charged by a licensed DIMS provider can be GST-exempt if clients cannot direct individual investment decisions after agreeing to the mandate.
- The applicant, a licensed DIMS provider, sought clarification on charging a single global fee instead of itemized charges.
- The Tax Counsel Office determined DIMS activities are financial services and may be GST-exempt under section 14(1)(a) of the GST Act.
Source: taxathand.com
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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