From next year, the new rate will also apply to any item valued up to $400 bought from GST-registered sellers or platforms.The goods and services tax rate will be raised from 7 to 8 per cent from January next year and to 9 per cent from 2024.
All imported goods now, regardless of value and brought in via sea or land, are subject to 7 per cent GST. The same applies to goods above $400 and brought in via air or post. Q: I have bought and paid for a $450 laptop from a GST-registered overseas seller. My laptop will only arrive in Singapore in late January. How much GST do I have to pay?GST is charged at 8 per cent on the import of goods over $400 on or after January 1, so you will pay 8 per cent GST to Singapore Customs for the laptop as it is coming in after Jan 1.
Alternatively, the supplier may also choose not to cancel the original invoice and absorb the additional GST.
getting screwed 1 year at a time
Dun matter you get screwed either way :)
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