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Old 22nd February 2018, 08:08 AM   #1 (permalink)
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GST on imported digital services: 5 things to know

GST on imported digital services: 5 things to know

By Kevin Kwang @KevinKwangCNA
20 Feb 2018 01:48PM (Updated: 20 Feb 2018 08:24PM)


SINGAPORE: Come Jan 1, 2020, a goods and services tax (GST) will be imposed on imported digital services, Finance Minister Heng Swee Keat announced in his Budget 2018 speech on Monday (Feb 19). This, he explained, is to ensure that imported and local services are “accorded the same treatment”.

With the advent of technology and the digital economy, it has become increasingly common for services consumed in Singapore to be obtained from overseas suppliers that do not have a presence here, the Ministry of Finance (MOF) explained further in a separate media release.

Read more at source:
https://www.channelnewsasia.com/news...o-know-9973658

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Old 22nd February 2018, 08:39 AM   #2 (permalink)
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Re: GST on imported digital services: 5 things to know

Proposed e-services tax: How will it affect your wallet?

By Louisa Tang
Published21 February, 2018
Updated 21 February, 2018

SINGAPORE — The Government will be imposing a Goods and Services Tax (GST) on certain businesses that provide digital services to Singapore consumers from Jan 1, 2020.

These businesses must be based overseas with no offices in Singapore. Consumers who buy digital services from local suppliers in Singapore already pay GST, which stands at 7 per cent currently.

Read more at source:
https://www.todayonline.com/singapor...ct-your-wallet

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