Singapore operates, amongst others, the following special schemes which are non-industry specific:
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•ÌýÌýÌýÌý Discounted Sale Price Scheme
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Under the Discounted Sale Price Scheme, a GST registered person can charge GST on 50% of the selling price when selling a second-hand/used vehicle. Prior approval from the Inland Revenue Authority of Singapore need not be sought.
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•ÌýÌýÌýÌý Gross Margin Scheme
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Second-hand
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Web page updated on 17 Mar 2025 16:26