Singapore legislation
Section 35A
Section 35A
Vouchers
(1)
The Minister may, by regulations, modify the application of the provisions of this Act to transactions involving vouchers granted for consideration.
(2)
Any regulations made under this section —
may provide that any transaction involving a voucher or any part of such transaction is treated as —
a supply of goods or a supply of services; or
neither a supply of goods nor a supply of services; and
may make different provisions with respect to different transactions or parts thereof, different vouchers or different circumstances.
(3)
In this section —
Definition
“issuer”, in relation to a voucher, means the person who issued the voucher (whether in the person’s own capacity or through an agent);
Definition
“value”, in relation to a voucher, means —
where the value stated on or recorded in or in respect of the voucher is in monetary terms, that monetary value; and
where the value stated on or recorded in or in respect of the voucher is in non-monetary terms, the monetary value assigned to the voucher by the issuer insofar as it relates to the right to receive goods or services upon redemption of the voucher;
Definition
“voucher” means any of the following:
any physical or electronic form of —
a voucher;
a token;
a stamp (not being a postage stamp within the meaning of the Postal Services Act 1999);
a coupon;
a card; or
any other similar item,the redemption of which in accordance with its terms entitles the holder to receive goods or services up to the value stated on or recorded in or in respect of the voucher, whether such value is in terms that are monetary or non-monetary;
any prepaid phone card or similar item the redemption of which in accordance with its terms entitles the holder to receive telephone or like services up to the value stated on or recorded in or in respect of the voucher, whether such value is in terms that are monetary or non-monetary.
(4)
For the purpose of paragraph (a) of the definition of “voucher” in subsection (3) —
where the monetary value stated on or recorded in or in respect of it a voucher is the value ascribed to the goods or services specified on the voucher as being the goods or services that may be supplied upon redemption of the voucher, that voucher is not treated as having stated on or recorded in or in respect of it a value in monetary terms; and
where the non-monetary value stated on or recorded in or in respect of it a voucher is in terms of any goods or services that may be supplied upon redemption of the voucher, that voucher is not treated as having stated on or recorded in or in respect of it a value in non-monetary terms.
(5)
For the purpose of the definition of “voucher” in subsection (3) —
where the right to top-up the value of —
any card referred to in paragraph (a)(v) of that definition; or
any prepaid phone card referred to in paragraph (b) of that definition,is conferred by any means (including any electronic means) other than by way of another card or prepaid phone card; or
where the right to receive telephone services via the Internet is acquired through the Internet,the supply of that right is treated as if it were a supply of a card or prepaid phone card as referred to in paragraph (a)(v) or (b) of that definition, as the case may be.