Singapore GST Reverse Charge: Don't Pay GST on ASEAN Imports (Save 7%)
Import SGD 100K goods from Malaysia: normally 7% GST = SGD 7K. With reverse charge: 0% GST on import (supplier responsible). You reclaim GST on exports. Net benefit: SGD 7K saved + GST refund on sales.
Reverse Charge Mechanism#
ASEAN reverse charge: for services and some goods from ASEAN suppliers, importer doesn't pay GST on import. Supplier responsible (but often in lower-GST country). You reclaim GST on export to customer.
The Opportunity#
Import SGD 100K from Thailand: Normal GST SGD 7K. Reverse charge: SGD 0. Sell to Singapore customer: charge 7% GST, reclaim on inputs. Net: refund SGD 7K instead of payment.
Tags import as ASEAN reverse charge eligible.
AskBiz GST Treatment Automation#
Tags import as ASEAN reverse charge eligible. Zero GST on import. Ensures GST refund on exports. Prevents overpaying.
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- Import SGD 100K goods from Malaysia: normally 7% GST = SGD 7K.
- With reverse charge: 0% GST on import (supplier responsible).
- You reclaim GST on exports.
People also ask
All ASEAN imports eligible for reverse charge?
No. Services and some goods. Check with customs. AskBiz can tag by product type.
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Claim GST Reverse Charge on ASEAN Imports
AskBiz identifies eligible imports, applies 0% GST, claims refunds. Save 7% on import costs. Try free.
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