- The Minister for Finance announced in Budget 2021 that imported non-digital services in B2C transactions will be subject to GST from 1 Jan 2023.
- The guide explains the extended overseas vendor registration regime for imported remote services and related GST rules.
- It is relevant for overseas suppliers, operators of electronic marketplaces, and customers in Singapore dealing with remote services.
- Suppliers outside Singapore with a global turnover over S$1 million and B2C supplies exceeding S$100,000 to Singapore must register for GST.
- Electronic marketplace operators may be considered suppliers and must register for GST if applicable.
- Overseas Vendors can use proxies like IP address and credit card information to determine if customers belong in Singapore.
- GST must be applied to supplies for non-GST-registered customers unless otherwise approved.
- GST should not be charged to GST-registered customers who provide their registration numbers; reverse charge may apply.
- If GST is wrongly charged to GST-registered customers, they should seek a refund from the vendors.
Source: iras.gov.sg
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
