Worldwide Customs & Regulatory Updates
May 18, 2007
New Goods & Services Tax Rate for Imports into Singapore
Effective 1st July 2007, the Singapore Government will increase the Goods and Services Tax rate (GST) to 7% from the current 5% rate. All goods imported into or manufactured in Singapore are subjected to this new Goods and Services Tax rate.
For products imported or manufactured under certain schemes authorized by the Singapore Customs authorities, duties and GST may be suspended up to the point of consumption.
For more information on the application of GST, please see:
http://www.customs.gov.sg/leftNav/trad/Valuation+Duties+and+GST.htm
For further assistance related to your import shipments with FedEx, please contact your local Customer Service team.