Latest Updates

- Added paragraph 7.3 on applying reverse charge to imports of low-value goods

- Updated footnote 2 on extended scope of the Overseas Vendor Registration (OVR) regime.

- Editorial changes

- Updated paragraph 5.2 on meaning of ‘annual supplies’

- Updated footnote 7 on reverse charge and footnote 8 on overseas vendor registration regime

- Updated paragraph 4.2 on meaning of ‘annual supplies’

- Updated footnote 2 on reverse charge and footnote 3 on overseas vendor registration regime

- Added footnotes 7 and 12 to clarify that either physically endorsed or digitally signed (in the compliance with the Electronic Transactions Act) delivery notes by the Master/Chief Engineer of the ship may be maintained to support zero-rating relief

services and low-value goods with effect from 1 Jan 2023

- Amended paragraph 4.1(d), Appendix 4A and 4B on the computation of 50% qualifying threshold

- Updated footnote 1 on extended scope of the Overseas Vendor Registration (OVR) regime

- Editorial changes

- 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.