This is just an editorial update to include the supply of digital payment token as an exempt supply in footnote 6 of the e-tax guide.

With the implementation of the reverse charge with effect from 1 January 2020, most, if not all GST registered charities and non-profit organisation would be affected since they will need to perform input tax apportionment as they conduct non-business activities. The key question is are they ready to account for reverse charge?

The input tax apportionment formula for charities and NPO is already complicated on its own. Accountant needs to pay special attention to the input tax apportionment formula if reverse charge is applicable to the charities and NPO.

Speak to us to see how we can help to simplify the GST compliance for your charities or NPO.