Singapore legislation
Regulation 2
of Goods and Services Tax (Mode of Payment for Refunds) Regulations 2021
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:
telegraphic transfer;
the electronic direct debit mechanism known as GIRO;
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 —
the taxable person —
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
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
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).