Goods and Services Tax (General) (Amendment) Regulations 2000

Status:

Published in Subsidiary Legislation Supplement
on 06 Jan 2000

No. S 7

Goods and Services Tax Act

(Chapter 117A)

Goods and Services Tax (General) (Amendment) Regulations 2000

In exercise of the powers conferred by sections 20(4) and 86(1) of the Goods and Services Tax Act, the Minister for Finance hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Goods and Services Tax (General) (Amendment) Regulations 2000 and shall come into operation on 7th January 2000.

Amendment of regulation 37

2. Regulation 37 of the Goods and Services Tax (General) Regulations (Rg 1) is amended —

(a)

by deleting the word “Paragraph” in the 1st line of paragraph (4) and substituting the words “Subject to paragraph (5), paragraph”; and

(b)

by inserting, immediately after paragraph (4), the following paragraph:

“(5) Where any land is supplied to a taxable person with any building thereon which is used or to be used for making exempt supplies, the taxable person shall, for the purposes of paragraph (2), repay to the Comptroller input tax in respect of only the building in accordance with such method as the Comptroller may determine.”.

Amendment of regulation 40

3. Regulation 40 of the Goods and Services Tax (General) Regulations (Rg 1) is amended —

(a)

by deleting sub-paragraph (b) of paragraph (1) and substituting the following sub-paragraph:

“(b)

a supply to him of land, being —

(i)	vacant land; or
(ii)	land on which there is any building and such building is to be demolished,

where it appears to the Comptroller that any subsequent supply of that land and any new building erected or to be erected thereon by the taxable person will be an exempt supply because of the intended rezoning of the land,”; and

(b)

by inserting, immediately after paragraph (1), the following paragraph:

“(1A) Where any land is supplied to a taxable person with any building thereon which is used or to be used for making exempt supplies, the Comptroller may allow the input tax in respect of only the supply of land excluding the building to be attributable to taxable supplies in accordance with such method as the Comptroller may determine.”.

[G.N. Nos. S 108/94; S224/94; S 174/95; S 491/95; S 400/98;S 361/99; S 371/99; S 461/99]

Made this 5th day of January 2000.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) R60.1.0013 Vol. 14; AG/LEG/SL/117A/97/4 Vol. 1]

(To be presented to Parliament under section 86(2) of the Goods and Services Tax Act).

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