Singapore Updates Guidance on GST for Real Estate and Property Development Sector and GST Return Penalties

The Inland Revenue Authority of Singapore (IRAS) has published several updated e-Tax guides covering Goods and Services Tax (GST) for the real estate and property development sector. Updated guides include:

• GST: Real Estate Agency Industry (Second Edition);
• GST Guide on Purchase of Land for Residential Development (Second Edition);
• GST: Guide for Property Developer (Second Edition); and
• GST: Self-Accounting of GST by Listed REITs and their SPVs for Property Purchases (Third Edition).

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