The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide, GST: Guide for Property Owners and Property Holding Companies (Seventh Edition). This guide explains how GST affects property owners or property holding companies, including guidance concerning the application of GST for property transactions and whether an owner/company needs to register for GST if involved in property transactions. This guide also clarifies the type of property that qualifies for GST exemption. The updates in the latest edition of the guide primarily concern changes with effect from 1 January 2023, including new requirements to apply the reverse charge mechanism...