6 January 2022
The Singaporean tax authorities are writing to global e-commerce businesses to provide further information on how to register for the upcoming Goods and Service Tax (GST) on supplies of low value goods and non-digital (remote) services in the country.
The Singaporean government previously confirmed that from 1 January 2023, it will introduce a GST on imported sales of low value goods and non-digital services at a rate of 7%. However, it has now confirmed that this will be subject to a S$100,000 registration threshold (approx. £54,000) and has stated that impacted businesses should make an application to register by 1 October 2022 in order to be ready for the January 2023 deadline.
If you are affected and need help with a GST registration in Singapore, then please contact us via our website. Also for further information you can refer to our previous article here.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
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