7 June 2013

In this edition, revisions were made to:

• The liability for GST registration (para 3.1.1) whereby the business’s annual taxable turnover is more than S$1 million or there is the intention to make taxable supplies and there are reasonable grounds to expect that the annual taxable turnover will exceed S$1 million within the next 12 months.
• The determination of liability for GST registration (para 3.2.1) using the prospective or retrospective view whereby the liability to register, notification and effective date of registration under each of the two views have been outlined.

For more details, please refer to the IRAS’s website.

Source: This article was extracted from the Inland Revenue Authority of Singapore (IRAS) website. Visit http://www.iras.gov.sg/ for more information.