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.