Insights

GST Rate Change: Does +2 = 1 + 1?
25/02/2022
Most of us would have expected the GST rate to increase from the current 7%

Key GST changes from 1 October 2021 – Claiming GST on medical expenses
29/12/2021
The key GST changes for the last quarter of 2021 are in respect of GST

GST Guide on Insurance: Cash payments and input tax on motor car expenses
29/09/2021
This is a very specific guide for GST-registered insurance companies. Basically, the GST e-tax guide

IRAS GST audits and penalties – A concerning trend?
10/09/2021
In the financial year ended 31 March 2021, the IRAS has conducted 2,858 GST audits

GST Incurred on Termination Expenses: Is It Claimable?
04/08/2021
GST incurred on termination expenses (e.g. liquidation fees) are considered to be made in the

Latest Updates on e-Tax Guide: Partial Exemption & Input Tax Recovery
05/07/2021
This is a critical update that can affect businesses that make incidental exempt supplies under