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|