SINGAPORE: Nutrition product company Herbalife International Singapore has won a court battle against the Comptroller of Goods and Services Tax (GST) in a dispute over about S$2.2 million of taxes. Lawyers from the Inland Revenue Authority of Singapore (IRAS) argued that Herbalife's business structure resu
SINGAPORE: Nutrition product company Herbalife International Singapore has won a court battle against the Comptroller of Goods and Services Tax in a dispute over about S$2.2 million of taxes.
The members retain as profit the difference between the prices they pay to Herbalife, and the price they are contractually bound to sell the nutritional products. Members can also consume the products personally. Herbalife argued that the discounted rate is taken as the value of the supply, but the Comptroller said that the value should be the open market value of the nutritional products.
However, because the members are not GST-registered, the only taxable supply is the supply between Herbalife and its members. He said the Comptroller"has not pointed to a tangible thing, whether in the form of a good, service or something else furnished by the members to which has objective parity of value with the discount that the members receive, thereby bringing it within the of the GST Act".
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