The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide, GST: Guide for Motor Vehicle Traders (Eighth Edition). The guide, which is meant for GST registered businesses selling new and/or second-hand motor vehicles, explains the GST treatment applicable to motor vehicle traders and illustrates the GST computations for sale of motor vehicles. In general, all charges or payments received in relation to a supply of motor vehicles are subject to GST, except for regulatory charges imposed by the Land Transport Authority on the sale of new vehicles. The GST treatment for the sale of a new motor...