Insights
Herbalife vs Comptroller of Goods and Services Tax – Is this the beginning of a lower GST registration threshold?
This is one of the most interesting GST cases in recent years and we applaud the taxpayer and lawyers for their grit to bring the appeal all the way up
Reverse Charge – UPDATE!
If you may recall, reverse charge was introduced to apply GST on imported services for B2B transactions which came into effect on 1 January 2020, with an aim to achieve
Overseas Vendor Registration (OVR) Regime – UPDATE!
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
GST Update on Digital Payment Tokens
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
GST Update on Carbon Credits
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….
GST Rate Change: Does +2 = 1 + 1?
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?”….