With the rapid development of the digital economy and the increasing importance of GST as a source of tax revenue, the Singapore Government has proposed several reforms to tighten the collection of tax revenue and tap its tax base more efficiently. The reforms focus on activating the currently...

GST is a value added tax whereby tax is collected at each stage of the chain of production. The chain begins, for example, from the import of raw materials to manufacture and then when the finished product moves from distributor to retailer until it reaches the final consumer. In order that the...