- From 2023, Consumers would likely have to pay a 7 or 9 per cent GST when they buy low-value goods or non-digital services from overseas sellers
- Tax experts said consumers have to be aware that the price displayed on websites may not be the final cost they pay
- They also said that it is likely an online marketplace such as Lazada may collect GST on behalf of the many overseas vendors on their platforms
- While it is not possible to ensure total compliance, tax experts said big companies will tend to comply for reputational reason
Read more at Todayonline.com
Latest Posts in "Singapore"
- Singapore Mandates InvoiceNow E-Invoicing for All GST-Registered Businesses by 2031
- Singapore Sets Phased Timeline for Mandatory E-Invoicing for All GST Businesses by 2031
- Singapore Announces Phased Deadlines and Support for InvoiceNow GST E-Invoicing Implementation
- Singapore to Mandate InvoiceNow E-Invoicing for All GST Businesses by April 2031
- Singapore Extends E-Invoicing Deadlines, Offers Funding for GST-Registered Businesses














