Tax Reform in Singapore

Tax Reform in Singapore

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c) Credit card companies A credit card company is required to charge GST on subscription fees charged to the credit card ... This is because the commission ( merchant discount, as it is usually called) is regarded as a payment for a financial service and is ... GST is not levied on the S$ 5, the merchant discount, which is classified as an exempt financial service under the Fourth Schedule of the GST Act. d)anbsp;...

Title:Tax Reform in Singapore
Author:Glenn P. Jenkins, Rup Bahadur Khadka
Publisher: - 1998


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