GST E-tax Guides on Export and Hand-carried Export Scheme
The IRAS has updated two GST e-tax guides on 27 November 2019; A guide on Export and Hand-carried export scheme….
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New GST e-tax guide on e-commerce
It seems like a summary of different e-tax guides like overseas vendor registration regime, belonging status of customers etc.
New and finalised version of the GST e-tax guide on digital payment tokens
One key takeaway is that you should always report the value of exempt supplies based on the net realised gains/losses when you
GST E-tax Guide on Advance Ruling System
The IRAS has updated its E-Tax Guide on Advance Ruling System on 13 November 2019, to reflect its new bank account number. …
GST E-tax Guide on Web Hosting and Server Co-Location Services
The e-tax guide has been updated in regards to web-hosting and server co-location services, with the changes with respect to reverse charge that will be effective from 1 January 2020.
No specific changes to web hosting or server co-location services per se.
With the introduction of the reverse charge rules, services directly benefiting a local GST registered person can also be zero-rated under section 21(3)(j) and section 21(3)(s) of the GST Act.
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IRAS Update On Deposit On 6 November 2019
The IRAS has updated their website content on deposit on 6 November 2019. The gist of the update is that even if a deposit is refunded to the customer when the supply is
GST E-tax Guide on The Rules For Gifts
While the old rules on the series of gifts are removed, it appears that you do have to track the gifts provided or take a prudent position of excluding all input tax on gifts purchased.
GST Updates On Prompt Payment Discount
IRAS has updated their GST e-tax guide on the change in rules for prompt payment discount with effect from 1 April 2020.