IRAS: Revised GST treatment on Supply of Media Sales
In late 2019, IRAS reached out to the Association of Accredited Advertising Agents Singapore (now known as ‘Association of Advertising and Marketing Singapore’) to seek the members’ feedback on the GST rules governing the supply of media sales. We would like to thank the members who had provided their feedback. The tax change for media sales was announced in Budget 2021, where the basis for determining whether zero-rating applies to a supply of media sales, will be changed from the place of circulation of the advertisement to the place where the customer and direct beneficiary of the service belong, with effect from 1 Jan 2022.