Energy

Key requirements

Wholesale and retail electricity is taxable goods. Contracts for differences and vesting arrangements can produce exempt net realised gains or losses, no-supply settlements or taxable pass-throughs depending on the parties and flow specified by IRAS. Price-neutralisation adjustments have a stated no-supply treatment. In an en-bloc arrangement, there are two supplies: retailer to master-metered landlord or MCST, then to sub-metered users. A registered master-metered supplier accounts for the second supply. Do not code all electricity-related receipts as exempt derivatives or treat every tenant recovery as a disbursement. Reconcile meter consumption and contractual settlement separately.