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Gross receipts where consideration paid wholly in money

Singapore Tourism (Cess Collection) (Formula 1 Singapore Airlines Singapore Grand Prix 2024) Order 2024

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—(1) This paragraph applies to every taxable transaction connected with a tourism event where consideration for the taxable transaction is paid wholly in money.(2) To avoid doubt, sub‑paragraph (1) includes a taxable transaction in paragraph 5(1)(b) (called in this sub‑paragraph T2) —(a)that relates to a taxable transaction in paragraph 5(1)(a) (called in this sub‑paragraph T1) whose consideration is payable in money’s worth, or in both money and money’s worth; and(b)where none of the consideration for T1 is forfeited as a result of T2, and the consideration for T2 is paid for wholly in money.(3) The gross receipts derived from a taxable transaction in paragraph 5(1)(a) connected with the tourism event is the total of the following:(a)the consideration paid for the taxable transaction;(b)all additional payments as follows:(i)any sum paid for what is commonly known as early check‑in or late check‑out;(ii)any sum paid for providing additional sleeping facilities in the same accommodation.(4) The gross receipts derived from a taxable transaction in paragraph 5(1)(b) connected with the tourism event is the total of the following:(a)all charges paid for the termination;(b)all deposits forfeited because of the termination.

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