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Singapore Publishes Updated E-Tax Guide on GST for the Advertising Industry

16 June 2021

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Approved Changes

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Singapore

The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide GST: Guide for Advertising Industry (Third Edition). The guide explains the GST principles applicable to the advertising industry and is applicable to the following suppliers of advertising services: Media owners; Media agencies; and Creative agencies / full range advertising agencies. Some of the common forms of advertising and related services discussed in the guide include: Media Sales; Media Planning; Creative and Production Sales; and Brand Public Relations (PR) and Events Organising. Updates made in the latest edition of the guide mainly concern changes in the GST treatment...