Pursuant to the Goods and Services Tax (Amendment) Act 2014, the Goods and Services Tax Act will be amended with effect from 1 January 2015 for the following purposes:

  • Provide for non-legal entities to claim and account for goods and services (“GST”) on goods, land, buildings and intellectual property;
  • Allow GST-registered persons to fully claim GST on re-import of goods belonging to their customers that were previously exported for value-added processes to be performed on the goods; and
  • Clarify the scope of GST zero-rating in relation to goods for use or installation on ships.

To facilitate the implementation of the changes to the Goods and Services Tax Act, the Goods and Services Tax (General) (Amendment) Regulations 2014 have been issued and are operative from various dates.

Reference materials

The Goods and Services Tax (Amendment) Act 2014 and the Goods and Services Tax (General) (Amendment) Regulation 2014 are available from the Singapore Statutes Online websitehttp://statutes.agc.gov.sg