Singapore legislation
Regulation 28
Regulation 28
De minimis rule
Amended byS 875/2019 wef 01/01/2020
Where in any prescribed accounting period or in any longer period, the total value of all exempt supplies made by a taxable person does not exceed both —
(a)
the average of $40,000 per month; and
(b)
an amount equal to 5% of the total value of all non-specified taxable supplies and exempt supplies made in that period,then all exempt input tax in that period shall be treated as attributable to taxable supplies.