Reading Time: 2 minutesOn 16 February 2021, Deputy Prime Minister and Minister for Finance Heng Swee Keat announced that from 1 Jan 2023, GST will be levied on “imported low-value goods and business-to-consumer (B2C) imported non-digital services”. The announcement means that from Jan 2023, all goods imported via air or post will be subject to GST. This would […]
Changes to Singapore’s Goods and Services Tax Regime – What do you need to know?
Reading Time: 4 minutesIntroducing Overseas Vendor Registration and the Reverse Charge Mechanism. In October 2018, the Goods and Services Tax Act was amended so that Goods and Services Tax (“GST”) in Singapore will extend to imported services from 1 January 2020 onwards. Starting from 1 January 2020,[1] GST will be introduced on imported services via: an Overseas Vendor […]