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.

LATEST NEWS

Canada - British Columbia PST applied on digital...

From April 2021, the Canadian province of British Columbia imposed Provincial Sales Tax (PST) at 7% on income earned by non-resident providers of e-services...

SEE MORE
LATEST NEWS

Singapore to introduce GST on e-commerce imports

From 1 January 2023, the Singaporean government confirmed that it will introduce a Goods and Service Tax (GST) on imported sales of goods and non-digital...

SEE MORE
LATEST NEWS

Thailand to implement VAT on digital services from...

From September 2021, Thailand has confirmed it will introduce VAT at 7% on sales of electronic services by non-resident providers to consumers in the...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.