Guide to Computation of Customs GST
Customs GST of 7% is applicable for all items imported into Singapore, where the CIF (Cost, Insurance and Freight) exceeds S$400. Please see the following example for the Customs GST computation:
| Computation of Customs GST |
Total Cost of Purchase(C) :
(applies to value of product, including Europe local delivery and tax converted into SGD) |
S$395 |
Insurance (I) :
(Optional Insurance purchased, if any) |
S$20 |
| Shipping charge (F) : |
S$35 |
| Total CIF (Y) = C + I + F : |
S$395 + S$20 + S$35 = S$450 |
| Customs GST 7% (Z) = (Y) X 0.07 : |
S$450 X 0.07 = S$31.50 |
Note: Customs GST, if applicable, is computed based on each individual item assigned with a VS shipment number, where the CIF exceeds S$400. Separate/different purchases from the same merchant will be computed separately, based on each individual order.
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