- Amended footnote 4 and inserted paragraph 4.7 to include the value of low-value goods imported in considering the liability to register for GST under reverse charge with effect from 1 Jan 2023.
- Amended paragraph 5.7 and inserted footnote 17 to explain that value of imported low-value goods should be excluded from both the numerator and denominator of the residual input tax apportionment formula with effect from 1 Jan 2023.
- Amended paragraph 10 to include the changes made to reverse charge with effect from 1 Jan 2023. Also made consequential amendments to paragraph 7.1, footnotes 3, 4, 6 and 10; and Appendix 1 and 2.
- Inserted Appendix 4 to provide an illustration of longer period adjustments involving time-barred periods.
• Amended footnotes 3 and 6 and paragraph 4.4 to reflect that from 1 Jan 2023, GST will also apply to imported low-value goods purchased by consumers in Singapore from GST-registered suppliers.
• Amended paragraph 3.3 to reflect changes made to the Banking Act and Monetary Authority of Singapore Act.
• Amended A1 of the FAQs for further clarity on when input tax on termination expenses can be claimed in full and the GST treatment of termination and non-termination expenses.
