Singapore to introduce GST on imported services from January 2020

Singapore proposes to introduce GST on imported services on or after January 1, 2020 to ensure a fair and resilient tax system in digital economy; B2B imported services to be taxed via reverse charge mechanism, whereby local business customer, making taxable supplies, shall account for GST to IRAS on services it imports and in turn, claim input tax subject to GST input tax recovery rules; However, businesses that (i) make exempt supplies, or (ii) do not make any tax...