The Inland Revenue Authority of Singapore has updated its e-Tax Guide to clarify GST concession procedures for listed REITs and Business Trusts, confirming that separate claims statements are no longer required unless requested and extending the concession period to 31 December 2030.
The Inland Revenue Authority of Singapore (IRAS) updated its e-Tax Guide on 26 May 2025, regarding GST: Concession for REITs and Qualifying Registered Business Trusts Listed in Singapore (Eighth Edition).
The revisions clarify that GST-registered S-REITs and qualifying S-RBTs do not need to submit a separate statement of claims for GST concessions unless requested by IRAS.
The updated guide outlines the criteria for Real Estate Investment Trusts listed on the Singapore Exchange (S-REITs), their Special Purpose Vehicles (SPVs), and qualifying Singapore-listed Registered Business Trusts (S-RBTs) to access a Goods and Services Tax (GST) concession.
Under the concession, eligible S-REITs and S-RBTs may claim input GST incurred on business expenses, regardless of their taxable supply status. This includes the ability to treat supplies made across a multi-tiered structure as if made directly by the parent entity when determining GST claims. The scope of the concession covers qualifying businesses in infrastructure, aircraft leasing, and ship leasing.
In February 2025, the Minister for Finance confirmed the extension of the qualifying period for this GST concession through 31 December 2030.
