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Singapore updates Low Value Goods GST policy

Singapore’s new Low Value Goods (LVG) rules came into effect at the beginning of the year. As of 1 January 2023, private consumers in the country must pay 8% GST on goods valued up to SGD 400 imported via air or post from GST-registered suppliers.

From 1 January 2024, the GST will increase to 9%.

Source: SOVOS

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