New e-Learning videos on Corporate Income Tax: Unutilised Capital Allowances and Unutilised Trade Losses as well as Corporate Income Tax: Approved Donations and Unutilised Donations.
Amended/inserted paragraphs 7.13, 7.14, 7.18 to 7.24, footnotes 14 to 16 and Examples 31 to 32A in Annex 2 relating to the revised GST treatment on motor car expenses
The e-Tax Guide has been updated with the following changes:
Removed paragraph 6.4 of fifth edition on GVR and CEVS rebate. Paragraph 6.2 provides the GST computation method when the selling price includes regulatory charges, incentives, vehicular schemes surcharges or rebates.
Revised section 9 on Gross Margin Scheme and section 11 on Sale of Vehicle Bodies to provide better clarity on the conditions to be met before the Gross Margin Scheme can be applied on sales transactions.
Revised paragraph 10.2 on Discounted Sale Price Scheme to provide better clarity on when the scheme is to be applied.
Edited paragraph 14.2 on the evidence to be maintained for deposits collected for the bidding of COE.
