SINGAPORE: Cash Payment Facility Axed for Due Duty on Posted Imports
29 October 2021
As of 1 November, cash payments will no longer be accepted for the due duty or Goods and Services Tax (GST) on taxable items dispatched to Singapore from overseas. Announcing the change, the Singapore Post said all such payments will in future need to be made via the the SingPost mobile app or one of a number of dedicated kiosks prior to delivery.
All imported goods (both new and used), as well as online purchases, are subject to GST and/or duty in line with Singapore’s customs regulations. Those with a cost, insurance and freight (CIF) value in excess of SGD400 (US$297) are liable for GST or duty on their entire value, while those with a CIF below SGD400 (excepting tobacco or alcohol items) are exempt from any surcharge.
- Southeast Asia