On 23 June 2015, the Inland Revenue Authority of Singapore (IRAS) published three revised e-Tax Guides for Goods and Services Tax (GST). The guides and main topics covered are as follows.
GST: Approved Refiner and Consolidator Scheme (ARCS) (Fifth edition), which covers:
- Benefits of the ARCS;
- Conditions of Eligibility for the ARCS;
- Application Procedure;
- Conditions of Approval;
- Responsibilities and Reporting Requirements under the ARCS;
- Operational Procedures on Import GST Suspension;
- V…