Singapore Tax Agency Issues Explanatory Note on GST Refund for Prescribed Investment Funds

The Singaporean Inland Revenue Authority Jan. 15 issued an explanatory note on the procedure to recover GST incurred through investment fund expenses. The explanatory note includes: 1) the fact that generally a valid tax invoice is required to claim the expenses; 2) the fact that the revenue authority may consider certain invoices to trustees, umbrella funds, and fund managers provided by qualifying funds but only in the case of GST remission for prescribed funds; and 3) the form required to claim GST expenses. [Singapore, Inland Revenue Authority of Singapore, 01/15/20]

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View Explanatory Notes to GST Remission for Prescribed Funds ...