On 22 June 2021, the Inland Revenue Authority of Singapore (“IRAS”) published its Seventh Edition of the e-Tax guide on GST: Partial Exemption and Input Tax Recovery. Specifically, the e-Tax Guide was updated to clarify that all supplies arising from the same exempt business activity carried on by a taxpayer, including exempt supplies that qualify for zero-rating should be counted when evaluating whether the condition of “not more than four (4) occurrences of the same nature of supply over a longer period” is met.
This is one of the conditions for determining whether an exempt supply can be treated as an incidental exempt supply under regulation 29(3) of the GST (General) Regulations.
The revisions made in the Seventh Edition of the e-Tax Guide will take effect from 22 June 2021.
For more information, please refer to the e-Tax Guide here.
Source: Inland Revenue Authority of Singapore