The Inland Revenue Authority of Singapore (IRAS) has published a new guidance page for GST Registered Companies Under Liquidation to guide both the GST-registered company and liquidators on the GST obligations that arise when the company goes under liquidation. The primary guidance is as follows. Examples and FAQs are also provided
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Overview of a liquidating company’s GST obligations
When a company enters liquidation, certain GST obligations arise for both the company and the liquidat…