Update - Singapore Issues Draft GST Amendment Bill 2014 for Consultation
On 27 August 2014, the Singapore Ministry of Finance published the results of the public consultation on GST Amendment Bill 2014. Of the 20 suggestions received, 12 were accepted and will be implemented into the final legislation.
The main changes of the legislation include:
- Allowing GST-registered persons to fully claim GST on re-import of goods belonging to their customers. To facilitate ou…