Singapore GST changes
- Oct 5, 2018 | Richard Asquith
The Ministry of Finance in Singapore is to update its proposals to reform its Goods and Services regime following a recent public consultation. The reforms include:
- Imposition of split GST payments on B2G supplies to limit fraud
- A 2020 requirement on non-resident providers to change GST on B2C digital supplies with an annual threshold of SGD100,000;
- The imposition of GST on B2B supplies by non-resident providers and an annual threshold for foreign suppliers of SGD1m.