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Louis Chua on Goods and Services Tax (Amendment) Bill

The Goods and Services Tax (Amendment) Bill will support local small- and medium-sized retailers by ensuring a level playing field, address the growing source of tax leakage due to overseas online retailers and correct the imbalance faced by tax-paying retailers. From these perspectives, MP Louis Chua said he supports the Bill. Speaking in Parliament on Tuesday (Nov 2), he sought clarifications on the Bill. He wanted to know the assessed contributions from the tax on overseas digital services. He also asked the Finance Ministry for an initial assessment of industry compliance. 

Louis Chua on Goods and Services Tax (Amendment) Bill

02 Nov 2021 06:15pm

The Goods and Services Tax (Amendment) Bill will support local small- and medium-sized retailers by ensuring a level playing field, address the growing source of tax leakage due to overseas online retailers and correct the imbalance faced by tax-paying retailers. From these perspectives, MP Louis Chua said he supports the Bill. Speaking in Parliament on Tuesday (Nov 2), he sought clarifications on the Bill. He wanted to know the assessed contributions from the tax on overseas digital services. He also asked the Finance Ministry for an initial assessment of industry compliance. 

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