VAT News

Singapore-Imported digital sales to be liable to GST

Follow the recent trend, the tax authorities in Singapore have announced this week that from 2020, non-Singaporean suppliers of digital services will be liable to remit GST on their supplies to Singaporean customers, both business and non-business.

The charge will be obligatory for businesses whose annual global turnover exceeds SGD1M, and whose annual digital sales to Singaporean customers exceeds SGD100,000.

Further announcements are expected in due course which will outline the exact nature of supplies falling within these rules, together with information on registration procedures.

Related articles

UK-Implications of a 'no-deal' Brexit

The UK government has released guidance on the VAT impacts of the UK leaving the EU with no deal negotiated

Read more
South Korea - VAT has been extended to foreign cloud computing

The scope of VAT has been extended to foreign B2C cloud computer services.

Read more
Romania postponing VAT cut

Romania is considering postponing cutting the19% VAT rate to 18% for 2019.

Read more