30 April 2021
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 services.
At present, non-resident businesses providing goods or non-digital services in Singapore below SGD 400 (approx. €250) are exempt from GST. However, to remove the unfair advantage this gives to non-resident companies over resident providers, the Singaporean government has confirmed that it will implement GST at 7% on these sales.
The new obligation follows theintroduction of GST on the sale of e-services in 2020.
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