Singapore legislation

Clause 26

of Goods and Services Tax (Amendment) Bill

Clause 26

Amendment of Eighth Schedule

(1)

The Eighth Schedule to the principal Act is amended —

(a)

by inserting, immediately before paragraph 1, the following sub‑headings and paragraph:“Distantly taxable goods

1. The following distantly taxable goods are excluded for the purpose of section 14(1)(a)(i) and (ii):

(a)

any distantly taxable goods used or to be used exclusively in the making of taxable supplies under regulations made under section 20, unless the taxable person claiming input tax in respect of the firstmentioned supply is able to apply a fixed input tax recovery rate or formula for all input tax claimed by the taxable person.Services”; and

(b)

by inserting, immediately before the word “SERVICES” in the Schedule heading, the words “DISTANTLY TAXABLE GOODS AND”.

(2)

The Eighth Schedule to the principal Act, as amended by section 26(1)(a), is further amended —

(a)

by deleting the words “section 14(1)(a)(i) and (ii)” in paragraph 1 under “Services” and substituting the words “section 14(1)(b)(i) and (ii)”;

(b)

by deleting the words “the supply of which is attributable to” in paragraph 1(c) under “Services” and substituting the words “used or to be used exclusively in the making of”; and

(c)

by deleting the word “may” in paragraph 1(c) under “Services” and substituting the words “is able to”.

Read in full context — Goods and Services Tax (Amendment) Bill →