Goods and Services Tax (Relief from Tax for Annual Meetings of International Organisations) Order 2005

No. S 170

Goods and Services Tax Act

(Chapter 117A)

Goods and Services Tax (Relief from Tax
for Annual Meetings of International Organisations) Order 2005

In exercise of the powers conferred by sections 24(4) and 86(1) of the Goods and Services Tax Act, the Minister for Finance hereby makes the following Order:

Citation

1.  This Order may be cited as the Goods and Services Tax (Relief from Tax for Annual Meetings of International Organisations) Order 2005.

Definitions

2.  In this Order —

“Meetings”, in relation to any Organisation, means the Annual Meetings of the Board of Governors of the Organisation and any ancillary meetings thereto to be held in Singapore in September 2006;

“Official”, in relation to any Organisation, means —

(a) any Governor, Executive Director, Alternate, member of any committee or representative of the Organisation;

(b) any officer or employee of the Organisation; or

(c) any adviser to any person referred to in paragraph (a);

“Organisation” means any one of the following:

(a) the International Monetary Fund;

(b) the International Bank for Reconstruction and Development;

(c) the International Finance Corporation;

(d) the International Development Association;

(e) the International Centre for Settlement of Investment Disputes;

(f) the Multilateral Investment Guarantee Agency.

Relief from tax for Organisation on imports

3.  Every Organisation is hereby granted relief from the payment of tax on the importation of any goods by the Organisation for, or in connection with, the preparations for or the holding of its Meetings.

Refund of tax paid by Organisation

4.  The Comptroller shall refund to any Organisation any tax on the supply of any goods or services to the Organisation for, or in connection with, the preparations for or the holding of its Meetings, which would be its input tax if it were a taxable person.

Relief from tax for Official of Organisation

5.  Every Official of an Organisation is hereby granted relief from the payment of tax on the importation of any goods brought into Singapore as his personal baggage for the purpose of his attending to the preparations for its Meetings or his attending its Meetings.

Made this 23rd day of March 2005.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) R017.002.0001. V5; AG/LEG/SL/117A/2002/1 Vol. 3]

(To be presented to Parliament under section 86(2) of the Goods and Services Tax Act).