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Singapore: A new GST law from the 1st of January 2022

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On 10 December 2021, the Singaporean Official Gazette released Act No. 34/2021 revising the Goods and Services Tax (GST) rules in order to support the 2021 budget measures.  

 

Amended measures in the law include:  

 

  • Introducing GST on imported goods valued at SGD 400 (which is around USD 292) or more. 
  • GST requirements on B2C (business-to-consumer) imported non-digital services.
  • Establishing place of supply rules for zero-rated digital media sales based on the location of the direct beneficiary effective 1 Jan 2022. 
  • Ensuring tax certainty and compliance with the GST on imported commodities through improving foreign vendor registration requirements and reverse charge rules. 

 

 

Source: sso.agc.gov.sg 

 

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