eICPAS

Public Consultation on Both The Stamp Duties & GST (Amendment) Bill 2008

Last Update - 30/09/2009

**************************************

The Ministry of Finance (MOF) has launched a public consultation exercise on 28 August 2008 to invite comments on the draft amendments to both the Stamp Duties Act and GST Act. These amendments seek to give legislative effect to the tax changes announced in the Budget 2007 statement as well as other tax changes. MOF has invited the Institute of Certified Public Accountants of Singapore and its members to be a part of this consultation exercise.

The aim of this exercise is to obtain feedback on areas of the draft legislation that could be improved in terms of clarity or compliance by taxpayers. For the Budget 2007 tax changes, MOF is primarily seeking on the drafting of the legislation as the policies has been adopted after feedback and extensive debate in Parliament. For non-Budget 2007 tax changes, MOF welcomes comments on both the policy and drafting aspects of the proposed legislative amendments.

The draft Stamp Duties (Amendment) Bill 2008 and the GST (Amendment) Bill 2008, consultation guidelines and the summary tables explaining the tax changes to the both Stamp Duties Act and GST Act, have already been made available at MOF's website,
www.iras.gov.sg/irasHome/page.aspx?id=7410 and
www.iras.gov.sg/irasHome/page.aspx?id=7410 from 28 August 2008. The exercise will be conducted from 28 August to 19 September 2008.

Advertising

FAQ

Site Map