Asia Internet Coalition submit comments on Singapore’s Good & Services Tax (“GST”) (Amendment) Bill 2018

Download: Asia Internet Coalition submit comments on Singapore’s Good & Services Tax (“GST”) (Amendment) Bill 2018

AIC submitted comments to MOF, Singapore regarding the Good & Services Tax (“GST”) (Amendment) Bill 2018.

AIC’s comments pertain to three (3) areas:

1) GST on imported services – Overseas Vendor Registration that requires overseas suppliers and electronic marketplace operators which make significant supplies of digital services to local customers to register with IRAS for GST. Our concern relates to the prescriptive manner in which a non-resident determines where the customer belongs. 2) Concerns with new subsection (1B) to Section 46 (Duty to keep records)

3) Clarification on terminology requested relating to Proposed Seventh Schedule Section 2(1)(a)(xi) – advertising service on any intangible media platform