- Guide explains how GST affects GST-registered contractors in construction industry
- GST must be charged on construction services in Singapore, but can be zero-rated for international services
- GST must be charged on progress payments, retention sums, and deposits
- No GST on damages or out-of-court settlements for breach of warranty or delays
- GST must be charged on payments made to suppliers if cost recovery is reimbursement, not if it is a disbursement
Source: iras.gov.sg
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
