22 January 2021
On 20 January 2021, the Inland Revenue Authority of Singapore (IRAS) published an updated e-Tax Guide concerning GST on imports. The purpose of the guide is to provide details on GST matters relating to the importation of goods, including GST reporting requirements and various import related schemes. This includes guidance on:
The latest update primarily concerns section 8 - Importing goods on behalf of an overseas person, including changes regarding section 33(1) agents and non-section 33(1) agents:
A section 33(1) agent is a person substituted for an overseas person registered for GST, which assumes all the GST responsibilities of the registered overseas person including the reporting and payment of GST due.
Click the following link for the e-Tax Guide - GST: Guide on Imports (Sixth Edition) on the IRAS website.
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