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Singapore Publishes Updated E-Tax Guide on Third Party Logistics Company GST Scheme

The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax guide on the Third Party Logistics Company GST Scheme. The scheme is meant for GST-registered logistics companies that provide logistics management services in the capacity of an agent for their overseas principals who use Singapore as a logistics hub. The scheme allows GST-registered logistics companies acting on behalf of overseas persons (not registered for GST) to:

  • Import goods belonging to the logistics company and/or its overseas principals with GST suspended;
  • Remove imported goods belonging to the logistics company and/or its overseas principals from a Zero-GST (ZG) warehouse with GST suspended; and
  • Remove and supply the imported goods locally without having to charge GST to persons (including customers of overseas principals) that are approved under certain GST schemes, including:
    • Major Exporter Scheme (MES);
    • Approved Import GST Suspension Scheme (AISS);
    • Approved Contract Manufacturer and Trader (ACMT) Scheme; or
    • Approved Third Party Logistics Company Scheme.

The updated guide includes additional details on conditions and requirements to qualify and remain qualified for the scheme.

Click the following link for the IRAS e-Tax Guide GST: Approved Third Party Logistics Company Scheme (Third Edition).

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