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

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