Contract Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Covers basic requirements of offer, acceptance, consideration, intention, and capacity.
Sale of Goods Act (Cap. 393): Regulates the sale and exchange of goods, including transfer of property and rights/obligations of parties in commercial transactions.
Electronic Transactions Act: Governs electronic transactions and digital contracts, relevant if the barter agreement is conducted or documented electronically.
Goods and Services Tax Act (Cap. 117A): Regulates GST implications of barter trades, requiring monetary valuation of exchanged goods for tax purposes.
Income Tax Act (Cap. 134): Governs income tax implications of barter transactions, requiring proper valuation and reporting of exchanged goods.
Competition Act (Cap. 50B): Ensures barter arrangements don't violate anti-competitive practices or create unfair market conditions.
Customs Act (Cap. 70): Regulates cross-border movement of goods, relevant for international barter trades including import/export requirements.
Regulation of Imports and Exports Act: Controls the import and export of goods, including licensing and compliance requirements for international barter trades.
Consumer Protection (Fair Trading) Act: Protects consumer interests in trading arrangements, including barter trades, ensuring fair practices and product quality.
Arbitration Act (Cap. 10): Provides framework for arbitration as a dispute resolution mechanism in commercial agreements.
Mediation Act 2017: Establishes framework for mediation procedures and enforceability of mediated settlements in commercial disputes.
