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)
GST: Guide on Exports (Eighth Edition)
GST: Guide on Reimbursement and Disbursement of Expenses (Fifth Edition)
GST: GST and the Gold Jewellery Industry (Fourth Edition)
GST: Guide for Motor Vehicle Traders (Sixth Edition)
GST: Guide on Hand-Carried Exports Scheme (Sixth Edition)
Further to the updated e-Tax Guides, the IRAS has also updated its webpage guidance on Conditions for Claiming Input Tax. This includes revised GST treatment of motor car expenses and the removal of COVID-19 related medical expenses following changes to the COVID-19 measures.