B2G e-invoicing to be mandatory on ‘InvoiceNow’ Peppol-based regime The Singaporean government has announced plans to mandate B2G e-invoicing via its InvoiceNow platform. No clear deadline has been provided – all though almost all B2G transactions are already processed via InvoiceNow. Singapore was the first
Extension of GST from digital services to low-value consignments and traditional services provided by Overseas Vendors Non-resident providers (‘Overseas Vendors) of low-values goods and non-digital services to Singaporean consumers will be liable to charge, collect and remit Goods and Services Tax from 1 January 2023.
Low-value SG$400 consignment stock relief GST exemption scrapped; traditional services B2C also liable Singapore Gazetted this month its Goods and Services Tax (Amendment) Act 2021. This will withdraw the current SG$ 400 threshold on Goods & Services e-commerce B2C imports from 1 January 2023. This does not
First stage GST hike next year with more to come to fund ageing population Singapore is increasing its Goods and Services Tax rate for the first time in 15 years announced today in the 2022 Budget. It will be in two steps: January 2023 rise
Singapore is likely to have to delay its long-planned Goods & Services Tax rise from 7% to 9% due to inflationary pressures. It was suggested that it could be imposed in July 2022 to help meet the costs of an ageing population. However, it is
Extended options for connected businesses to join GST group simplification The city state of Singapore has updated the requirements for Goods and Services Tax (GST) groups, the arrangement to allow connected businesses to become a single VAT entity and save on cash flow and compliance
Non-resident sellers and marketplaces now liable to Goods and Services Tax obligations on B2C electronic services The city-state of Singapore introduced its Goods and Services Tax (GST) on non-resident providers and electronic marketplaces of digital or electronic services on 1 January 2020. This applies to