Category Archives: e-Tax Guides

Singapore GST – Amendment to the GST Guide for the Aerospace Industry


The IRAS has amended its e-Tax Guide on “GST Guide for the Aerospace Industry” on 19 June 2017 and clarifies the following:

For repairs and modification work to qualify for zero-rating under Section 21(3)(p) of the GST Act, the aircraft or aircraft parts on which they are performed must remain airworthy and the necessary documents specified in paragraph 5.3.1 of the e-Tax Guide are maintained. This is as zero-rating relief is accorded on the basis that the repaired aircraft part would, following the repair or maintenance, form part of a qualifying aircraft. Specifically, for repair and maintenance services performed on aircraft parts which fall under paragraph 5.1(c), if it cannot be proved that the aircraft part remains airworthy following the services performed (i.e. absence of a supporting ARC/COC), zero-rating under section 21(3)(p) would not apply.

This is as zero-rating relief is accorded on the basis that the repaired aircraft part would, following the repair or maintenance, form part of a qualifying aircraft.  Specifically, for repair and maintenance services performed on aircraft parts, if it cannot be proven that the aircraft part remains airworthy following the services performed (i.e. absence of a supporting ARC/COC), zero-rating under section 21(3)(p) would not apply.

If you have any questions regarding the above, contact us at support@whm-consulting.com.

Singapore GST – Amendment to the e-Tax Guide on the Use of Business Premises by Third Party for Free


The IRAS has amended its e-Tax Guide on “GST: Guide on the Use of Business Premises by Third Party for Free” on 19 June 2017 by inserting the following example:

Free Occupation by Canteen Operator Engaged to Provide Canteen Catering Services 

A company has engaged a canteen operator to provide canteen catering services at its premises (i.e. in-house canteen) under a service agreement and pays a fee to the canteen operator in return for his services.  The contract does not grant or assign any lease or license or any right to occupy land to the canteen operator. The operating hours, type of food and drinks to be served in the canteen and the food pricing are generally fixed in the contract.  Where the operations of the company’s business make it necessary for the company to provide an in-house canteen to its employees and the canteen operator is merely occupying the canteen space for the purpose of providing his contracted services to the company, the company need not deem a supply on the free use of canteen space.

If you have any questions regarding the above, contact us at support@whm-consulting.com.

IRAS’ E-Tax Guide on the Electronic Tourist Refund Scheme


The IRAS has updated the e-Tax Guide on the Electronic Tourist Refund Scheme on 3 March 2014 by revising paragraphs 1.4, 2.3, 3.2.1, 3.3.1, 5.10, 5.19, 5.24 and Appendix 8. Paragraph 8 of the e-Tax Guide has also been deleted.

If you have any questions regarding the above, please contact us at support@whm-consulting.com.

Be Well!
Jack:)

GST – Approved Refiner and Consolidator Scheme (“ARCS”)


On 19 February 2014, the IRAS published the GST Guide on Approved Refiner and Consolidator Scheme (“ARCS“) by re-organising Paragraph 8 pertaining to Responsibilities and Reporting Requirements under the ARCS. Paragraph 8.18 has been inserted to explain the consequences of incorrectly using the ARCS privileges.

If you have any questions regarding the above, please contact us at support@whm-consulting.com.

Be Well!
Jack:)

 

IRAS E-tax Guide on Advanced Ruling System (3rd Edition)


IRAS has published the 3rd Edition of the E-tax Guide on “Advanced Ruling System” on 23 December 2013.

Paragraphs 9 and 12 of the Guide and theAnnex have been revised to reflect
an increase in the advance ruling application fee (to S$562)and the
further time-based fee (to S$140.50).

If you have any questions regarding the above, please contact me at jack.wong@whm-consulting.com.

Be Well!
Jack:)