31 May '14, 12am

GST on overseas shopping: Customs fines and warnings on the rise

GST on overseas shopping: Customs fines and warnings on the rise

Singapore Customs issued twice as many warnings and fines last year compared with 2012, to people who did not declare goods bought overseas that are liable to be taxed here. It handed out 398 warnings and fines known as composition sums last year to people who did not declare goods bought abroad with values exceeding the goods and services tax (GST) relief amounts of $150 and $600. In 2012, there were 179 cases. The number of cases include first-time and repeat offenders and items found at land, air and sea checkpoints. On Tuesday, The Straits Times ran a story that reminded Singaporeans to pay GST on their overseas shopping. All goods, including souvenirs, gifts and products for personal use, brought into Singapore are subject to 7 per cent GST. The story went viral online, with many readers expressing surprise that the rule existed, and some questioning the "low threshol...

Full article: http://www.straitstimes.com/news/singapore/courts-crime/s...

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