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Singapore Publishes Updated GST Guides for Retailers, Exports, Motor Vehicle Traders, and Others

06 January 2023

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Approved Changes

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Singapore

The Inland Revenue Authority of Singapore (IRAS) has published several Updated GST e-Tax Guides and other guidance considering the increase in the GST rate from 7% to 8% effective 1 January 2023 and other amendments. The updated GST e-Tax Guides and a summary of the changes for each are as follows: GST: Guide for Retailers (Fifth Edition) Updated paragraphs 3.3, 5.2, 6.2, 14.3, 20.2.1 for the following: to remove reference to GST rate. provide clarity on how GST should be computed. Updated paragraphs 3.2 and 3.3 to clarify the price display requirements. Updated paragraph 12.2 to be clear that for...