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Thread: GST for Agent's Comm

  1. #1
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    Jan 2008
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    Default GST for Agent's Comm

    Why do we need to pay GST for agent's comm? i find that rather weird.

  2. #2
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    Jan 2007
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    GST is chargeable on goods and services. As agent commission is fees for services rendered, GST has to apply as well. Of course this only applies if the agency that the agent works for is GST registered.

  3. #3
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    Quote Originally Posted by HalcyonVI View Post
    GST is chargeable on goods and services. As agent commission is fees for services rendered, GST has to apply as well. Of course this only applies if the agency that the agent works for is GST registered.
    but i understand that the agent can absorb the GST right? that means it's optional whether to pay the GST.

  4. #4
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    GST is supposed to be paid for by the person procuring the service or product. However, an agent's commission is not fixed so you can always strike an agreement with your agent on this.

  5. #5
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    Quote Originally Posted by HalcyonVI View Post
    GST is supposed to be paid for by the person procuring the service or product. However, an agent's commission is not fixed so you can always strike an agreement with your agent on this.
    oh ok, another question, if it's a foreigner that is purchasing the property, does he has to pay GST as well. can claim back... hahaha might sound studip but just wondering.

  6. #6
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    Default

    That's an interesting question! Does anyone know the answer??

  7. #7
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    Quote Originally Posted by Curry Chicken View Post
    That's an interesting question! Does anyone know the answer??
    i think the foreigner can only claim the GST only if he's leaving the country, at the GST counter at airport. just guessing. lol

  8. #8
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    Quote Originally Posted by myong406 View Post
    i think the foreigner can only claim the GST only if he's leaving the country, at the GST counter at airport. just guessing. lol
    i dont think this works in this case. but can some1 check it out and enlighten us

  9. #9
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    Jan 2008
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    my personal opinion is that GST is only claimable for goods tangible goods purchased. it should not apply for investment.

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