- The government does not track imports and sales of collectible trading cards at the requested level of detail for tax administration, so it cannot provide the requested transaction values or tax collections.
- Income tax applies to businesses trading in collectible cards.
- GST is payable on the import of collectible trading cards.
- GST also applies to local sales of such cards if the business is GST-registered.
Source: mof.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.
