Singapore legislation
Regulation 8
Regulation 8
Gross receipts where consideration paid wholly in money
Subregulation 1
This paragraph applies to every taxable transaction connected with a tourism event where consideration for the taxable transaction is paid wholly in money.
Subregulation 2
To avoid doubt, sub‑paragraph (1) includes a taxable transaction in paragraph 5(1)(b) (called in this sub‑paragraph T2) —
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
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.
Subregulation 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:
the consideration paid for the taxable transaction;
all additional payments as follows:
any sum paid for what is commonly known as early check‑in or late check‑out;
any sum paid for providing additional sleeping facilities in the same accommodation.
Subregulation 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:
all charges paid for the termination;
all deposits forfeited because of the termination.