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Last updated 14 hours ago | 01 December 2010
Mid-2011, the Inland Revenue of Singapore Authority is to introduce a new tourism electronic payment system (eTRS) which will be remove fill by tourists at the time of purchase and facilitate requesting refunds of tax (GST) products and services at Changi Airport.
The tourist refund scheme is currently being operated by retailers themselves or by central agencies for reimbursement (ERC). Paper-based system is tedious and convenient for tourists and retailers at the time of purchase because of the need for reimbursement to complete application forms. At the airport, tourists have counters in queue at different counters, including Singapore Customs? and to reimburse the counters operated by respective agencies, making their claims.
However, it is said that the new electronic tourist refund Scheme (eTRS), full implementation would be a significant improvement on the current system on paper. Tourists will suffer the same system, even when they're purchasing different retailers Singapore and can expect a more rapid clearance at airport checkpoints process.
The details of the purchase to the point of sale will be captured in electronic and marked in a token (for example, a credit card) by the tourist. At the airport, everything a tourist must do is to use his passport and token to retrieve records its purchase kiosk validation details and choose either obtain its GST refund in cash or paid to the credit card account.
The new eTRS will be implemented in phases of mid 2011. The Government aims to 500 retailers participate in the phase pilot. The current system of tourist refund on paper will continue to operate until the eTRS is fully implemented in the third quarter of 2012.
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