Singapore review the removal of low value imports threshold

28 July 2017

The Singapore government is reviewing the removal of the import GST exemption on goods bought from foreign suppliers. Currently this threshold is set at $400 and allows importers to purchase goods GST free from non-resident companies up to this amount.

However, in a bid to remove the unfair advantage that this gives to non-resident providers over resident providers of the same goods, the Singapore government is proposing to remove this threshold and instead non-resident providers will have an obligation to register and account for GST on the sale of the low value goods in the country.