It was announced in the Budget 2017 that with effect from 1 July 2017, the GST Tourist Refund Scheme (TRS) will be withdrawn for tourists who are departing by the international cruise from the cruise terminals.
Tourists who are departing by the international cruise from the cruise terminals and have made purchases before 1 July 2017 have until 31 August 2017 claim the refunds on such purchases.
The eTRS facilities at the cruise terminals will be removed after 31 Aug 2017.
What does this mean to the retailers?
Retailers who continue to issue the tickets on or after 1 July 2017 will be committing an offense under the GST (General) Regulations and can be penalized.
IRAS has updated the following e-Tax Guides on 22 Feb 2017 accordingly.
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