... received by a person do not apply for the purposes of any 12-month period mentioned in those provisions that commences before . Act 35 of 2022 wef 01/01/2022 For the purpose of paragraph 1B(2)( a ) of the First Schedule in relation to a business transferred before , references to supplies of goods and...
|
...
Duty to keep records
Every taxable person must keep the following records:
the taxable person's business and accounting records;
the taxable person's accounts as required by regulations made under section 41;
copies of all invoices and receipts issued by the taxable person;
invoices received by the taxable person;
documentation relating to importations and exportations by the taxable person;
all credit notes, debit notes or other documents which evidence an increase or decrease in consideration that are received, and copies of all such documents issued by the taxable person;
where applicable, records of the reasonable steps taken by the taxable person to determine whether or not the supply made to the taxable person was a part of an arrangement mentioned in section 20(2A);
such other records as may be prescribed.
37/2017; 42/2020
Any person who is required to account for tax on a reverse charge supply must, in addition to the records mentioned in subsection (1), maintain the following:
sufficient records of the reverse charge supply to enable the following particulars to be ascertained:
the name and address of the person or branch, or member of the group mentioned in section 30(1A), whose supply gave rise to the reverse charge supply under section 14 (called in this section the supplier);
Act 34 of 2021 wef 01/01/2022
the date on which, or the period during which, the distantly taxable goods or services under the supply made by the supplier were in fact received;
Act 34 of 2021 wef 01/01/2022
a description of the distantly taxable goods or services in fact supplied;
Act 34 of 2021 wef 01/01/2022
the consideration for the supply made by the supplier ;
Act 34 of 2021 wef 01/01/2022
the time by which payment of the consideration for the supply made by the supplier is required;
Act 34 of 2021 wef 01/01/2022
the reference number of any invoice relating to the supply made by the supplier ;
Act 34 of 2021 wef 01/01/2022
any contract, agreement or arrangement entered into in respect of the supply made by the supplier ;
Act 34 of 2021 wef 01/01/2022
where any invoice, contract, agreement or arrangement is in a foreign language, a translation of the same into English, if the Comptroller requires;
such other records as may be prescribed;
where an election under section 11C(8)( c ) or 14(5) or (6) has been made, a record of the election and such information and supporting documents relating to the election, in such form and manner, as required by the Comptroller.
52/2018...
|
... 01/01/2022 For the purposes of paragraphs 1(2)( a )(ii) and 1A(2)( a ) of the First Schedule in relation to a business transferred before , references to taxable supplies and Seventh Schedule supplies of the transferee do not include any Seventh Schedule supplies of goods or new Seventh Schedule...
|
... wholly in the person's business capacity (and not in the person's private or personal capacity) and who in that capacity belongs in a country outside Singapore; and which directly benefit — a person wholly in the person's business capacity (and not in the person's private or personal capacity) and who...
|