The Inland Revenue Authority of Singapore (IRAS) has updated its guide on Employee fringe benefits. When an employer provides fringe benefits to its employees, it is making a supply and may need to account for output GST on the value of the benefits, which is the focus of the guide. The main update to the guide is a new section on common fringe benefits, including whether output tax must be accounted for, summarized as follows:
Accommodation & Household Benefits:
- Non-residential prope…