Singapore will impose goods and services tax (GST) on imported services, effective 1 January 2020.
These GST measures were included in the budget proposals presented in April 2018. Read TaxNewFlash
Imposition of GST will be implemented through:
The reverse-charge regime for B2B supplies generally will affect all GST-registered businesses that are not entitled to full input tax claims, and will affect non-GST registered businesses with imported services over a threshold of S$1 million in a 12-month period.
Businesses involved in B2C supplies of digital services must register for GST if they have annual global turnover exceeding S$1 million and make B2C supplies of digital services to Singapore non-GST registered customers exceeding S$100,000 annually.
Read a July 2018 report [PDF 134 KB] prepared by the KPMG member firm in Singapore
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