From 1st January 2023, by performing either the Overseas Vendor Registration (OVR) regime or the reverse charge regime, GST can also be applied to imported low-value goods and B2C non-digital services. Imports of low-value goods and B2C non-digital services that straddle 1st January 2023 will need to comply with special transitional rules.
Please see the e-Tax Guides GST: GST: Taxing imported low-value goods by way of the overseas vendor registration regime (PDF, 487KB) for additional details. GST: Taxing imported remote services by way of the overseas vendor registration regime (PDF, 420KB).
The 2024 GST rate change transitional rules may be applied to transactions of low-valued goods or B2C non-digital services that straddle 1st Jan 2024.
If your company needs help filing taxes for the year 2023, or requires assistance with Singapore incorporation, economy, banking, etc., feel free to call/WhatsApp us at +65 90612851 or email us at firstname.lastname@example.org. Alternatively, you may leave us a reply using our contact form below.
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