GST to be imposed on overseas vendors

The Independent
Tue, 27 Feb 2018 23:30:38 +0000
Business, Singapore News, Budget 2018, gst

Singapore’s GST will be imposed on foreign vendors in a new formula that imposes GST on imported services. However, the new goods and services tax formula on imported services will take effect in 2020. It was announced in the Budget 2018 by the Minister for Finance of Singapore, Mr Heng Swee Keat last week. “The …