28 February 2018
From 1 January 2020, the Singaporean government confirmed that it will introduce a Goods and Service Tax (GST) on the international sales of digital services to consumers by non-resident businesses.
At present, non-resident businesses providing digital services in Singapore do not have to charge GST on their sales. However, in an effort to remove the unfair advantage that this gives to these companies over resident providers, the Singaporean government has confirmed that it will implement GST at 7% on these types of supplies from 2020.
This new obligation will be subject to an S$ 100,000 registration threshold (approx. £54,000) and will apply to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.