The Inland Revenue Authority of Singapore (IRAS) has published new guidance regarding GST on Imports of Low-Value Goods and GST on Imported Low-Value Goods. The guidance concerns GST changes recently announced as part of Budget 2021, including that with effect from 1 January 2023, GST will be extended to:

• Goods imported via air or post that are valued up to (and including) the current GST import relief threshold of SGD 400; and
• Business-to-consumer (B2C) imported non-digital services.

Guidance on Purchasing Remote Services from Overseas Service Providers has also been updated in relation to the changes from 1 January 2023.

In relation to the changes, the IRAS is conducting a public consultation from 26 Feb to 19 Mar 2021 before finalizing the implementation details. Businesses are invited to give their feedback.

IRAS: Public Consultation on Draft GST Guide on Taxing imported low-value goods by way of the overseas vendor registration regime

IRAS: Public Consultation on Draft GST Guide on Taxing imported remote services by way of the overseas vendor registration regime