Auction

Key requirements

Selling consigned goods in the auctioneer’s own name without disclosing the owner is treated as the auctioneer’s taxable sale. Importing and selling for a qualifying overseas non-registrant can likewise make the local agent responsible under section 33(2). For creditor-appointed sales satisfying an owner’s debt, the owner remains the supplier; where registered, collect tax and send the statement and GST to IRAS within twenty-one days. Exports require evidence. Auction commissions and other services need separate treatment. Identify the agency arrangement before issuing invoices instead of assuming only the auctioneer’s fee is relevant to GST.