10 January 2013
On 10 January 2013, the Inland Revenue Authority of Singapore (‘IRAS’) issued a revised edition of the e-Tax Guide, “GST Guide for the Marine Industry – 2010 Budget Change (4th Edition)”
In this edition, some paragraphs were refined to provide more clarity on identifying non-qualifying ships (ie passenger harbour craft or pleasure craft) with reference to the licence number displayed on the ships. IRAS has advised businesses to also refer to the Maritime and Port Authority of Singapore (‘MPA’) website for updates or changes.
Source: This article was extracted from the Inland Revenue Authority of Singapore (IRAS) website. Visit http://www.iras.gov.sg for more information.