11 September 2012
On 10 September 2012, IRAS issued the third edition of the e-Tax Guide “GST: Zero-rating of Container Services and the Sale & Lease of Containers”
The e-Tax Guide explains the GST treatment on the sale and lease of containers and certain container service where the following supplies made in relation to containers can be zero- rated:
- the sale and lease of sea and air containers used for international transportation of goods, and
- repair, maintenance and management services rendered on sea and air containers used for international transportation of goods.
For zero-rating to apply, these sea and air containers must satisfy two criteria:
- they are used or to be used for international transportation of goods, and
- they adhere to the prescribed definitions.
Sea and air containers that are used or to be used for purposes other than international carriage of goods would be treated as non-qualifying containers. Examples include containers used or to be used for local transportation, storage, dormitory and office.
In this third edition certain paragraphs were merged and revised. Revisions were also made to Appendices of the e-Tax Guide.
Source: This article was extracted from the Inland Revenue Authority of Singapore (IRAS) website. Visit www.iras.gov.sg for more information.
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