Singapore legislation
Clause 88
Clause 88
Transitional provisions
(1)
Tax shall not be charged on any supply or importation taking place before the appointed day.
(2)
Notwithstanding anything in section 11 of this Act or in section 28 of the Customs Act [Cap. 70] as applied by section 26 of this Act —
a payment made or invoice issued before the appointed day may be disregarded in determining for the purposes of this section whether a supply takes place before that date if, or to the extent that, it appears to the Comptroller that it would not have been so made or issued but for the tax;
goods which on the appointed day have not been released from customs control and in respect of which the rate of the customs duty and the valuation thereof are determined under section 21 of the Customs Act shall be treated for the purposes of this section as imported on the date on which such rate and valuation are determined under that section; and
goods, other than goods referred to in paragraph (b), which have been deemed to be imported under section 28 of the Customs Act shall be treated for the purposes of this section as imported on the date on which they are deemed to be imported under that section.
(3)
A person who, on the appointed day, will be liable to be registered shall notify the Comptroller of that fact within 10 days of the earliest date after the date of commencement of the First Schedule on which he knows or could with reasonable diligence have known that he will be so liable or within such longer time as the Comptroller may allow, and the Comptroller shall register any such person with effect from the appointed day.
(4)
The Minister may by regulations make such further transitional provisions as he may consider necessary and expedient including but not limited to modifying the provisions of this Act in its application to the time and value of any supply of goods or services, for zero-rating or exempting supplies of goods or services the contracts in respect of which was made before the appointed day and for the adjustment of the consideration under such contracts.
(5)
In this section —
Definition
“appointed day” means the date of commencement of sections 7 and 8; and
Definition
“customs control” has the same meaning as in section 2(2) of the Customs Act [Cap. 70].