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Another change that is closely related to the introduction of GST on LVG is the OVR regime.

The OVR regime was introduced by IRAS so that overseas suppliers that makes supply of digital…..

When the IRAS first published the e-tax guide on Digital Payment Tokens, it may have been difficult or troublesome for businesses to determine whether the Digital Payment Tokens supplied can be exempted from GST.

IRAS has updated the GST treatment for the supply of carbon credit with effect from 23 November 2022. The definition of carbon credit includes the issuance….

Most of us would have expected the GST rate to increase from the current 7% to 9% directly. The question that all of us had in mind was, “When?”….

The key GST changes for the last quarter of 2021 are in respect of GST incurred on medical expenses.

This is a very specific guide for GST-registered insurance companies. Basically, the GST e-tax guide talks about when these companies….

In the financial year ended 31 March 2021, the IRAS has conducted 2,858 GST audits cases, and the additional taxes and penalties collected from the IRAS GST audits…

GST incurred on termination expenses (e.g. liquidation fees) are considered to be made in the course or furtherance…

This is a critical update that can affect businesses that make incidental exempt supplies under regulation 29(3) of the GST General Regulations. …

As you may know, Delivery Notes (DN) which are endorsed by the Master/Chief Engineer are often part of the documentation