Duty & Tax
Import duty and tax guide
Goods and Services Tax (GST)
According to the Government of Singapore, there is a Goods and Services Tax (GST) for most of the goods which includes goods imported to Singapore via online shopping.
7% on the total value will be charged for all goods and services. The cost, insurance and freight (CIF) plus other chargeable costs and the duty payable will be included in the calculation of GST.
What is CIF?
CIF refers to the Cost of the imported goods, the cost of Insurance (vCare), and the cost of Freight.
In general, most of the import duties and taxes payable are calculated on the sum of the CIF and the landing charges.
Shipment with a value of S$400 or less
However, there are some exceptional cases. Please be mindful that any information/ decision from Singapore Customs will always prevail.
Shipment with a value of above S$400
If your shipment’s CIF value exceeds S$400, you will be required to pay the GST of the whole shipment.
Example taken from IRAS
|Total value of goods imported by Parcel Post||Do I need to pay GST?|
No. The CIF value is not more than $400.
Yes. The CIF value is more than $400.