Singapore legislation

Clause 8

of Goods and Services Tax (Amendment) Bill

Clause 8

New section 27A

The principal Act is amended by inserting, immediately after section 27 in Part V, the following section:“Deferment of payment of tax on importation of goods27A.—

(1)

The Minister may by regulations in relation to goods imported by any taxable person in the course or furtherance of any business carried on by him, permit those goods to be delivered or removed in accordance with those regulations notwithstanding that the tax chargeable on the importation has yet to be paid and notwithstanding —

(a)

any other provision of this Act; or

(b)

any written law relating to customs or excise duties applicable in accordance with section 26.(2) Regulations made under subsection (1) may require a taxable person referred to in that subsection to account for and pay the tax chargeable on the importation of the goods in such form and manner, within such time and to such person as may be prescribed.(3) The Comptroller may, for the protection of revenue, impose conditions in relation to any importation of goods referred to in subsection (1).(4) The Comptroller may publish the names and such other particulars of the taxable persons to whom regulations made under this section apply in such form or manner as he thinks fit.”.

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