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Singapore Launches Public Consultation on Draft GST Amendment Bill

16 July 2015

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Proposed Changes

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Singapore

On 13 July 2015, the Inland Revenue Authority of Singapore published the following notice requesting comment on draft legislation amending Singapore's GST rules. --- Proposed Amendments The draft GST (Amendment) Bill 2015 provides for three changes to existing tax policies and administration that arose from on-going reviews of Singapore’s GST system. These are: a. Allowing the Comptroller of GST to impose a Travel Restriction Order on a person who fails to repay a tourist refund wrongly claimed under the Tourist Refund Scheme. Under the Tourist Refund Scheme, only eligible tourists are allowed to claim a refund of the GST paid...