Singapore legislation
Regulation 82
Regulation 82
Definitions of this Part
Subregulation 1
In this Part —
Definition
“claim” means a claim in accordance with regulations 84 and 85 for a refund or reduction of tax to which a person is entitled by virtue of regulation 83;
Definition
“claimant” means the person who makes a claim;
Definition
“outstanding amount” means —
if at the time of the claim the person has received no payment by way of the consideration written off in his accounts as a bad debt, an amount equal to the amount of the consideration so written off; and
if at that time he has received a payment or payments by way of the consideration so written off, an amount by which the payment (or the aggregate of the payments) is exceeded by the amount of the consideration so written off;
Definition
“payment” means any payment or part-payment which is made by any person to the claimant by way of consideration for a supply regardless of whether such payment extinguishes the debtor’s debt to the claimant or not;
Definition
“debtor” means a person to whom the claimant made a relevant supply and who is liable to pay any outstanding amount of the consideration;
Definition
“refunds for bad debts account” has the meaning given in regulation 86(3);
Definition
“relevant supply” means any taxable supply (other than a reverse charge supply) upon which a claim is based;
Definition
“return” means the return which the claimant is required to make in accordance with regulation 52;
Definition
“security” means any mortgage, charge, lien or other security.
Subregulation 2
Sections 11, 11A, 11B and 12 of the Act shall apply for determining the time when a supply is to be treated as taking place for the purposes of this Part.