Insights
Key GST changes from 1 October 2021 – Claiming GST on medical expenses
The key GST changes for the last quarter of 2021 are in respect of GST incurred on medical expenses.
GST Guide on Insurance: Cash payments and input tax on motor car expenses
This is a very specific guide for GST-registered insurance companies. Basically, the GST e-tax guide talks about when these companies….
IRAS GST audits and penalties – A concerning trend?
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: Is It Claimable?
GST incurred on termination expenses (e.g. liquidation fees) are considered to be made in the course or furtherance…
Latest Updates on e-Tax Guide: Partial Exemption & Input Tax Recovery
This is a critical update that can affect businesses that make incidental exempt supplies under regulation 29(3) of the GST General Regulations. …
Latest updates on e-Tax Guide: Marine Industry (31 May 2021)
As you may know, Delivery Notes (DN) which are endorsed by the Master/Chief Engineer are often part of the documentation