Tax Alert
Issue 15 | October 2012


Simplification of Deeming Rule on Gifts


Dear Valued Client

We are pleased to update that there is a simplification of the deeming rule on gifts with effect from 1 October 2012.

The series of gifts condition has been removed. Hence, there is no need to track the number of gifts given to a person. You only need to account for output tax if the cost of each gift exceeds $200 and when you have claimed GST on the purchase of the gifts.

You have the option not to claim the GST incurred on the purchase of gifts that cost more than $200 each if you do not wish to account for output tax. 

If you have any questions on GST or require further details on this rule, please feel free to contact us.





Lam Kok Shang

Head of Indirect Tax
Tel: +65 6213 2596


Gan Hwee Leng

Partner, Indirect Tax

Tel: +65 6213 2813


Ranked as a Tier 1 leading Tax Advisory firm in Singapore in the International Tax Review World Tax Directory 2012.



To cease receiving all commercial electronic messages from KPMG in the future, unsubscribe HERE.


Legal | Privacy


The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.


© 2012 KPMG Services Pte. Ltd. (Registration No: 200003956G), a Singapore incorporated company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.