Singapore amends Goods and Services Tax

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31 January 2018

Singapore amends Goods and Services Tax

Singapore's Parliament passed The Goods and Services Tax (Amendment) Act 2017 (the GST Amendment Act) on 2 October 2017. Currently, customer accounting applies to the sale of a non-residential property by a GST-registered supplier to a REIT or its SPV but does not apply to any movable assets (i.e., furniture, furnishings, fittings, appliances or effects) that are supplied together with the sale of the property.

A Global Tax Alerts, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-0231

Document ID: 2018-0231

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