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Singapore GST changes

  • Oct 5, 2018 | Richard Asquith

Singapore GST changes

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.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.