Singapore Updates e-Tax Guide on Customer Accounting for GST on Prescribed Goods
The Inland Revenue Authority of Singapore has published an updated version of its e-Tax Guide, GST: Customer Accounting for Prescribed Goods. The guide explains how businesses apply customer accounting for transactions in prescribed goods, including mobile phones, memory cards, and off-the-shelf software. This was implemented from 1 January 2019 to deter fraud schemes involving prescribed good…
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