Singapore Publishes New Guidance on Imports of Low-Value Goods, Updated Guidance on Purchase of Remote Services, and Related Draft Guidance

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.

Gu…