Singapore will impose GST on low value goods valued up to S$400.
Under current regulations, low value goods imported by air or post are not subject to GST. From January 2023, low value goods will no longer be eligible for import relief.
The new GST rules could thus have important consequences for ecommerce retailers that sell to customers in Singapore.
Deputy Prime Minister Heng Swee Keat said that the new GST charges will “ensure a level playing field for our local businesses to compete effectively”.
Source: vatglobal.com
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