Singapore Publishes GST e-Tax Guides for the Insurance Industry and the Approved Import GST Suspension Scheme

The Inland Revenue Authority of Singapore (IRAS) has recently published e-Tax guides on Goods and Services Tax (GST), including:

• GST: Guide for the Insurance Industry (Third edition), which explains the GST principles applicable to the insurance industry, including the GST treatment for insurance products, fees and charges, and commission for Insurance Companies, Reinsurance Companies, and Brokers and Agents; and
• GST: Guide on Approved Import GST Suspension Scheme, which explains the mecha…