Contract Law (Chapter 108): Primary legislation governing contractual relationships in Singapore, providing framework for agreement validity, formation, and enforcement.
Goods and Services Tax Act (Chapter 117A): Regulates GST implications of credit notes, including requirements for GST adjustments and proper documentation.
Income Tax Act (Chapter 134): Governs tax treatment of credit notes and their impact on income recognition and reporting.
Singapore Financial Reporting Standards: Accounting standards that dictate how credit notes should be recorded and reported in financial statements.
ACRA Requirements: Regulatory requirements from the Accounting and Corporate Regulatory Authority for proper business documentation and reporting.
Sale of Goods Act (Chapter 393): Relevant when credit notes are issued in relation to sale of goods transactions.
Electronic Transactions Act (Chapter 88): Governs the validity and requirements for electronic credit notes and digital signatures.
Limitation Act (Chapter 163): Sets time limits for legal claims and actions related to credit note disputes.
IRAS Guidelines: Specific guidelines from Inland Revenue Authority of Singapore on credit note issuance, format, and content requirements.
GST Regulations: Detailed requirements for GST-compliant credit notes, including mandatory information and timing requirements.
