Singapore
GST on imports of low valued goods
As of 1 Jan 2023, Singapore will implement GST on imports of low-value goods and non-digital services. The purpose of taxing low-value goods is to level the playing field between overseas and domestic vendors, also ensuring a fair and resilient GST system.
Overseas suppliers who sell low-value goods (S$400 or less) to customers in Singapore must register GST with Singapore's Overseas Vendor Registration (OVR) if the business:
- has an annual global turnover exceeding S$1 million; and
- makes B2C supplies of low-value goods to Singapore exceeding S$100,000.
Schedule a Free Consultation
Let us show you how we can support your business to send 100% compliant e-invoices in 54 countries. Please provide your details and one of our team will be in touch.
