Regulation 1
Citation and commencement
These Regulations are the Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021 and come into operation on 3 January 2022.
/akn/sg/act/sub_leg/1993/GSTA-S1002-2021
Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1993
- Sections
- 2
Quick answer
About this subsidiary legislation
Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation GSTA-S1002-2021 1993, currently marked in force and first recorded in 1993.
Regulation 2
Prescribed mode of payment for refunds
Subregulation 1
A refund to a taxable person under the Act (including any refund or payment under section 90 of the Act) is to be made by transferring the funds for the refund to a bank account mentioned in paragraph (2) through any of the following means:
(a)
telegraphic transfer;
(b)
the electronic direct debit mechanism known as GIRO;
(c)
the electronic fund transfer service known as PayNow.
Subregulation 2
For the purpose of paragraph (1), the bank account must be in the name of the taxable person or a person authorised by the taxable person to receive the funds on behalf of the taxable person.
Subregulation 3
A refund under paragraph (1) may be made through any means not mentioned in that paragraph if —
(a)
the taxable person —
(i)
has made reasonable attempts to open a bank account for the purposes of receiving the refund through a means mentioned in paragraph (1), but has been unable to open any such bank account; and
(ii)
has made reasonable attempts to find a person to authorise to receive, on behalf of the taxable person, the refund into a bank account in the name of that person through a means mentioned in paragraph (1), but has been unable to find any such person; or
(b)
due to any system failure, the funds for the refund cannot be transferred to a bank account mentioned in paragraph (2) through a means mentioned in paragraph (1).
Common questions
- What is Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021?
- Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation GSTA-S1002-2021 1993, currently marked in force and first recorded in 1993.
- Is Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021 still in force?
- Yes — Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021 is currently in force.
- When did Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021 take effect?
- Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021 was first recorded in 1993.
- How many regulations does Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021 have?
- Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021 contains 2 regulations.
- Where can I read the official version of Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021?
- The official text of Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021 is published at sso.agc.gov.sg.