Singapore is following a global ecommerce trend and introducing a requirement for overseas sellers of low value goods to register for GST and charge consumers the tax at the point of sale.
With effect January 1, 2023, Singapore will introduce new rules that will likely bring thousands of overseas ecommerce sellers into the scope of local GST and require simplified GST registrations. Neighbouring Malaysia will also introduce very similar rules and implement Sales Tax on B2C imports of low value goods from the same date.
What are low value goods?
Low-value goods are defined by IRAS, the Singapore Tax Authority, as:
- Goods which at the point of sale are located outside of Singapore; and
- Are to be delivered to Singapore via air or post; and
- With a value not exceeding SGD $400.
Source Avalara
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