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Singapore Publishes New Guidance on Imports of Low-Value Goods, Updated Guidance on Purchase of Remote Services, and Related Draft Guidance

01 March 2021

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Proposed Changes

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Singapore

The Inland Revenue Authority of Singapore (IRAS) has published new guidance regarding GST on Imports of Low-Value Goods and GST on Imported Low-Value Goods. The guidance concerns GST changes recently announced as part of Budget 2021, including that with effect from 1 January 2023, GST will be extended to: Goods imported via air or post that are valued up to (and including) the current GST import relief threshold of SGD 400; and Business-to-consumer (B2C) imported non-digital services. Guidance on Purchasing Remote Services from Overseas Service Providers has also been updated in relation to the changes from 1 January 2023. In...