Singapore legislation
Regulation 90H
Regulation 90H
Attribution of payments
Subregulation 1
Where —
more than one supply of distantly taxable goods or services was made by the same supplier to a person, with one or more supply giving rise to a reverse charge supply;
a payment is made by the person to the supplier for those supplies; and
at the time of the payment, the person is a claimant in relation to one or more of those supplies,then the payment is to be attributed to each of those supplies in accordance with paragraphs (2), (3) and (4).
Subregulation 2
The payment must be attributed to the supply which is the earliest in time and then, if not wholly attributed to that supply, to the other supplies in the order of the dates on which they were made.
Subregulation 3
Attribution under paragraph (2) must not be made to any supply made by the supplier if the payment was allocated to that supply by the claimant at the time of payment and the consideration for that supply was paid in full.
Subregulation 4
Where —
the earliest supply and other supplies made by the supplier to which the whole of the payment could be attributed under this regulation occur on one day; or
the supplies made by the supplier to which the balance of the payment could be attributed under this regulation occur on one day,the payment must be attributed to those supplies by applying for each supply the formulawhere —
A is the payment made by the claimant to the supplier;
B is the amount of the consideration not paid to the supplier for the supply in question immediately before the payment in paragraph (1); and
C is the total consideration not paid to the supplier for the supplies mentioned in sub-paragraph (a) or (b) (as the case may be) immediately before the payment in paragraph (1).