{"id":9784,"date":"2024-11-29T10:30:11","date_gmt":"2024-11-29T02:30:11","guid":{"rendered":"https:\/\/blog.ninjavan.co\/en-my\/?p=9784"},"modified":"2025-04-21T11:03:51","modified_gmt":"2025-04-21T03:03:51","slug":"xb-b2c-changes-to-singapore-customs-regulations-gst-on-imported-low-value-goods-lvg","status":"publish","type":"post","link":"https:\/\/blog.ninjavan.co\/en-my\/xb-b2c-changes-to-singapore-customs-regulations-gst-on-imported-low-value-goods-lvg\/","title":{"rendered":"Changes to Singapore Customs Regulations: GST on Imported Low-Value Goods (LVG)"},"content":{"rendered":"\n<p>Effective 1 January 2023, the Inland Revenue Authority of Singapore (IRAS) has introduced changes to the Goods and Services Tax (GST) regulations under the <strong>Overseas Vendor Registration (OVR) Regime<\/strong>. Below is an overview of the updates:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Features of the OVR Regime<\/strong><\/h2>\n\n\n\n<p>Under the OVR regime, overseas suppliers are required to register for GST if they meet the following conditions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Annual Global Turnover:<\/strong> Exceeds S$1 million.<\/li>\n\n\n\n<li><strong>B2C Supplies to Singapore:<\/strong> Makes business-to-consumer (B2C) supplies of Low-Value Goods (LVG) and\/or remote services (digital and non-digital) exceeding S$100,000 annually.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Under the OVR regime, any supplier belonging outside Singapore are liable for registration under either retrospective or prospective basis.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Retrospective Basis:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Annual global turnover and the value of B2C LVG supplies to Singapore exceeded S$1 million and S$100,000 respectively in the preceding calendar year (1 January \u2013 31 December 2024).<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Prospective Basis:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Supplier reasonably expects to exceed the above thresholds in the next 12 months.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Requirements for Eligible Suppliers<\/strong><\/h2>\n\n\n\n<p>Suppliers eligible under the OVR regime must:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Register for GST in Singapore<\/li>\n\n\n\n<li>Charge GST at the prevailing rate on LVG (valued at less than S$400) imported into Singapore via air or post at the point of sale<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Information for OVR Sellers Shipping to Singapore<\/strong><\/h2>\n\n\n\n<p>If you are an OVR-registered seller, please ensure you provide the following details to your logistics provider when creating an order:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GST registration number issued by IRAS<\/li>\n\n\n\n<li>Value of each item in the parcel<\/li>\n\n\n\n<li>Indication of whether GST has been paid for each item (Yes\/No)<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Impact on Consumers in Singapore<\/strong><\/h2>\n\n\n\n<p>From 1 January 2023, consumers in Singapore will be charged GST by GST-registered sellers on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Goods valued at S$400 or below (&#8220;Low-Value Goods&#8221;), imported via air or post.<\/li>\n\n\n\n<li>The GST will apply to the total value of the LVG, including transportation and insurance costs.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Exclusions<\/strong><\/h2>\n\n\n\n<p>This OVR regime does <strong>not<\/strong> affect:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Purchases of LVG from non-OVR registered sellers<\/li>\n\n\n\n<li>Goods imported via sea or land (regardless of value)<\/li>\n\n\n\n<li>Goods imported via air or post valued above S$400<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>For Further Information<\/strong><\/h2>\n\n\n\n<p>For more information, please visit the <strong><a href=\"https:\/\/www.iras.gov.sg\/\" data-type=\"link\" data-id=\"https:\/\/www.iras.gov.sg\/\" target=\"_blank\" rel=\"noreferrer noopener\">IRAS website<\/a> <\/strong>or consult your logistics provider to understand how these changes may impact your supply chain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goods and Services Tax (GST) on Imported Low-Value Goods (LVG).<\/p>\n","protected":false},"author":54,"featured_media":9918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"655","_seopress_titles_title":"Changes to Singapore Customs Regulations 2023","_seopress_titles_desc":"Goods and Services Tax (GST) on Imported Low-Value Goods (LVG).","_seopress_robots_index":"","footnotes":""},"categories":[411,655,368],"tags":[839,840,640,835,836,837,838,757],"class_list":["post-9784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-crossborder","category-industry-insights-current-affairs","tag-goods-and-services-tax","tag-gst","tag-international-delivery","tag-low-value-goods","tag-lvg","tag-overseas-vendor-registration","tag-ovr","tag-singapore"],"_links":{"self":[{"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/posts\/9784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/comments?post=9784"}],"version-history":[{"count":6,"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/posts\/9784\/revisions"}],"predecessor-version":[{"id":9921,"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/posts\/9784\/revisions\/9921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/media\/9918"}],"wp:attachment":[{"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/media?parent=9784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/categories?post=9784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ninjavan.co\/en-my\/wp-json\/wp\/v2\/tags?post=9784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}