MOF accepts 24 suggestions from public on draft GST
amendment bill
Posted: 04 September 2012 1737 hrs
SINGAPORE: The Ministry of Finance (MOF) on Tuesday
announced that it has accepted 24 out of 57 suggestions from the
public on the draft Goods and Services Tax (Amendment) Bill
2012.
The suggestions were received during a public consultation exercise
from July 2 to 27. They will be incorporated into the revised Goods
and Services Tax (Amendment) Bill 2012 or IRAS' e-Tax guides.
MOF said the remaining 33 suggestions were not accepted for
implementation because they are inconsistent with policy objectives
for the proposed legislative changes or legislative drafting
conventions.
The draft Goods and Services Tax (Amendment) Bill 2012 proposed
legislation to put into effect tax changes announced in Budget
2012, as well as changes arising from the periodic review of the
Goods and Services Tax system.
The key changes accepted include:
