On 11 June 2014, the Singapore Ministry of Finance issued for public consultation the draft GST (Amendment) Bill 2014. The draft includes three main amendments:
- Allowing GST-registered persons to fully claim GST on re-import of goods belonging to their customers
- Providing for non-legal entities to claim and account for GST on goods, land, buildings and intellectual properties, which includes:
- Allowing claims for GST incurred on the acquisition of such properties, and
- Requiring that GST is ac…