2024
2023
2022
GST Update on Carbon CreditsIRAS has updated the GST treatment for the supply of carbon credit with effect from 23 November 2022. The definition of carbon credit includes the issuance, transfer or sale of any carbon credit or digital representation of carbon credit, including carbon credits issued by the National Environment Agency (NEA).
GST Rate ChangeMost of us would have expected the GST rate to increase from the current 7% to 9% directly. The question that all of us had in mind was, “When?".