The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax guide on the Third Party Logistics Company GST Scheme. The scheme is meant for GST-registered logistics companies that provide logistics management services in the capacity of an agent for their overseas principals who use Singapore as a logistics hub. The scheme allows GST-registered logistics companies acting on behalf of overseas persons (not registered for GST) to:
- Import goods belonging to the logistics comp…