Goods and Services Tax (Amendment) Bill

by deleting the word “or” at the end of subsection (3)(v);

by deleting the full-stop at the end of paragraph (w) of subsection (3) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(x)the supply (including the letting or hire) of qualifying aircraft parts that are certified as airworthy by —

in relation to an aircraft that is not a military aircraft, a person certificated by a national civil aviation authority; and

in relation to a military aircraft, the government owning that aircraft.”;

by deleting the definition of “aircraft” in subsection (4)(a) and substituting the following definition:“ “aircraft” means —

any aircraft which is not used or intended to be used for recreation or pleasure; or

any aircraft used or intended to be used for recreation or pleasure if it is wholly used or intended to be wholly used for travel —

from a place outside Singapore to another place outside Singapore;

from a place in Singapore to a place outside Singapore; or

from a place outside Singapore to a place in Singapore;”; and

by inserting, immediately after the definition of “co-location” in subsection (4)(a), the following definition:“ “qualifying aircraft parts” means such parts and equipment as are designed and built for exclusive use on an aircraft;”.

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 to be 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 —“issuer”, in relation to a voucher, means the person who issued the voucher (whether in his own capacity or through an agent);“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;“voucher” means any of the following: (a)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 (Cap. 237A));

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 shall not be 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 shall not be 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 shall be 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.”.

the warehousing regime is in respect of a warehouse that is outside the free trade zone (referred to in this subsection as the first warehouse);

the Comptroller has approved that goods in the first warehouse may be removed from the warehouse —

for the purpose of an auction, an exhibition or other similar event involving the display of goods; and

subject to such conditions and for such period as may be specified by the Comptroller in his approval,and the goods are thereupon removed from the first warehouse;

the conditions referred to in paragraph (b)(ii) are complied with; and

after the auction, exhibition or other similar event, the goods are brought, with the approval of the Comptroller, back to the first warehouse or to any other warehouse outside the free trade zone (referred to in this subsection as the second warehouse) at or before the end of the period referred to in paragraph (b)(ii),then the goods shall be treated as if they were continuously subject to a warehousing regime from the time they were in the first warehouse until they are delivered back to the first warehouse or delivered to the second warehouse, as the case may be.”.