Singapore legislation
Regulation 66C
Regulation 66C
Prescribed threshold
Subregulation 1
$10,000 is the threshold for the purpose of the definition of “relevant supply of goods or services” in section 38A(10) of the Act.
Subregulation 2
The threshold in paragraph (1) does not apply to supplies of prescribed goods made by a supplier to a customer in a calendar year (called in this paragraph the applicable calendar year) if —
the supplier has made at least one supply (other than a zero-rated supply or an excepted supply) exceeding $10,000 in value of prescribed goods to the customer in the calendar year immediately preceding the applicable calendar year;
unless the Comptroller otherwise allows in any particular case, the number of purchases of prescribed goods made by the customer from the supplier is —
at least 6 in the calendar year immediately preceding the applicable calendar year; or
at least 6 per calendar year on average over the 3 calendar years immediately preceding the applicable calendar year;
the supplier has a written agreement with the customer for the customer to account for and pay tax on every supply of prescribed goods made by the supplier to the customer (regardless of the value of the supply) for the applicable calendar year mentioned in sub-paragraphs (a) and (b); and
the supplier and customer have jointly notified the Comptroller before the applicable calendar year of the written agreement mentioned in sub-paragraph (c).
Subregulation 3
In this regulation, “prescribed goods” means any goods mentioned in sub-paragraph (a), (b) or (c) of regulation 66A(1).