Singapore legislation
Regulation 92F
Regulation 92F
Carry forward of negative gaming supply
Where the value for any gaming supply determined under regulation 92E is negative for any prescribed accounting period —
the negative supply value shall be disregarded and shall be treated as nil for the prescribed accounting period;
no refund of tax in respect of the gaming supply shall be made for the prescribed accounting period;
the negative supply value may be deducted against the value of the gaming supplies of the prescribed accounting period immediately following the prescribed accounting period in respect of which the negative supply value has arisen and, so far as it cannot be so made, then from the value of the gaming supplies of the next prescribed accounting period, and so on; and
the negative supply value shall not be allowed as a deduction against the value of any supply other than a gaming supply of the casino operator in accordance with paragraph (c).