Taxation for import materials into Singapore

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Member since 05 March 2012

Hoang NguyenActive member06 March 2013 07:02:36

Hi.!
Could you let me know about Taxation for import builds materials, like Electrical cables, Electrical steel conduits etc... in to Singapore.!
Thank you advance.!
DIEP

simplysafety2015 Member

Member since 16 March 2015

simplysafety2015Member17 March 2015 05:54:49

Import duty & taxes when importing into Singapore
Overview
Import duty and taxes are due when importing goods into Singapore whether by a private individual or a commercial entity.聽 The valuation method is CIF (Cost, Insurance and Freight), which means that the import duty and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight, and the cost of insurance.聽 In addition to duty, imports are subject to sales tax (GST), and in some cases to excise duty.

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