|Population||5.64 million (2022)|
|GDP||423 billion USD (2022)|
|GDP per capita||79,436 USD (2022)|
|Internet penetration||92% of the population use the internet (2022)|
|Ecommerce users||62% of the population shop online (2022)|
|Leading product categories||Electronics, fashion, toys, beauty, and personal care products|
|Preferred online payment method(s)||Debit and credit cards and online payment gateways (PayPal, DBS PayLah, etc.)|
|Languages||English, Tamil, Malay, and Mandarin Chinese|
The landed cost for a cross-border transaction includes all duties, taxes, and fees associated with the purchase. This includes:
CIF: CIF (cost, insurance, freight) is a valuation method for calculating import taxes where the tax is calculated on the cost of the goods plus the cost of freight, insurance, and seller's commission.
Further explanation of de minimis, tax, and duty is provided below
Applied to the CIF value of the order
Duty and tax will be charged on imports into Singapore where the total CIF value of the import exceeds Singapore’s minimum value threshold (de minimis), which is 400 SGD. Anything under the tax de minimis value will be considered a tax-free import, and anything under the duty de minimis value will be considered a duty-free import.
Applied to the CIF value of the order
A 7% GST is levied on imports into Singapore if the CIF value of the order exceeds 400 SGD.
Only larger retailers are affected by the low-value tax change. If your business sells, or expects to sell, more than 100k SGD (cost of goods only) worth of low-value goods into Singapore within a 12-month period or you sell, or expect to sell, more than 1M SGD (CIF) globally within a 12-month period must a register, collect, and remit GST on all orders into Singapore. Additionally, the 400 SGD de minimis is removed for retailers who exceed the above sales. The de minimis remains for retailers who do not meet the registration thresholds.
Applied to the CIF value of the order or based on volume of the goods
99% of imports into Singapore are duty free. Exceptions, due to social and/or environmental reasons, are intoxicating liquor, tobacco products, motor vehicles, and petroleum products. These goods may incur customs and excise duties. Here are some examples:
|Product||Customs duty||Excise duty|
|Stout or porter of alcoholic strength not exceeding 5.8% vol||$16.00 per litre of alcohol||$60.00 per litre of alcohol|
|Non CKD sedan with both compression-ignition combustion diesel or semi-diesel engine and electric motor over 1500cc but not over 1800cc charged by external electric source||N/A||20%|
|Tobacco unmanufactured partly or wholly stemmed or stripped Virginia type not flue cured||N/A||$388.00 per kgm|
Below are sample landed cost breakdowns for Singapore calculated using Zonos Quoter. The example landed cost for a shipment to Singapor over the de minimis shows that no duty is charged becuase the average duty rate for shipments to Singapore is 0%:
Landed cost for a shipment to Singapore below the de minimis:
Landed cost for a shipment to Singapore above the de minimis:
Singapore has at least 27 trade agreements that offer a zero or highly discounted duty rate for goods made in participating countries.
Singapore is a member of the World Trade Organization
Singapore is a member of the World Trade Organization (WTO). Therefore, Singapore must abide by the most-favored-nation (MFN) clause, which requires a country to provide any concessions, privileges, or immunities granted to one nation in a trade agreement to all other WTO member countries. For example, if a country reduces duties by 10% for one country, the MFN clause states that all WTO members will have their duties cut by 10% in that country.
Talk to your carrier about customs refunds.
Depending on the courier, additional shipping fees may include:
Customs permit for the following goods:
Government agencies regulate imports.
Restricted items are different from prohibited items. Prohibited items are not allowed to be imported into a country at all. Restricted items are not allowed to be imported into a country unless the importer has approval or a special license that allows them. Controlled goods have military or national security significance.
Singapore Customs does not differentiate between prohibited, restricted, and controlled goods; they list them together with the corresponding competent authority that governs the goods.
The following are the Singaporean authorities and the goods that they prohibit, restrict, and/or control:
Arms & Explosives Division, General Licensing Division, Police Licensing & Regulatory Department, Singapore Police Force
National Parks Board
Info-communications Media Development Authority of Singapore
Tobacco Regulation Branch, Health Sciences Authority
Health Products Regulation Group, Health Sciences Authority
Registration for Singapore OVR GST
If you choose to register on your own, you can do it through this online form. This registration process will require a username and password, which you will use to access your account, check deadlines, and remit taxes.
Before calculating GST, you must first make certain decisions that will affect the calculations.
Singapore Customs' guide for exporting
What changed due to the Singaporean OVR GST?
See Zonospolicies and agreements.
A cross-border guide to Singaporean ecommerce, shipping, and importing goods
If you are looking to grow your ecommerce business into Singapore , you’ve come to the right place. In our guide, created by Zonos' cross-border experts, you will find the following: