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.
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