Goods and Services Tax (General) (Amendment No. 2) Regulations 2011 comes into operation on 1 January 2012

On By taxsgIn e-Gazette, Legislative Updates

4 January 2012

The Goods and Services Tax (General) (Amendment No. 2) Regulations, published on 27 December 2011, comes into operation on 1 January 2012.

The Goods and Services Tax (General) Regulations (Rg 1) (referred to in these Regulations as the principal Regulations) are amended by:

  • New Regulations 42A “Repayment of tax to persons in business overseas”,  106A ‘‘Zero-rating of supplies to approved marine customers and 106B  “Specialised Warehouses Scheme”
  • Amendment  of Regulations 45 “Major Exporter Scheme”,  45A “Approved Third Party Logistics Company Scheme”, 45C “Approved Import Tax Suspension Scheme”, 45D “Approved GST Deferment Scheme”, 46 “Approved contract manufacturer and trader scheme”, 63 “Time for payment of refund”, 64 “Interest on late payment” and 108 “Offences”.

Source: e-Gazette