Search results
Major Exporter Scheme (MES) Share: Under MES, GST on non-dutiable goods is suspended at the point of import and also when the goods are removed from Zero GST warehouses. On this page:
Singapore Customs (SC) collects GST at the point of importation. 2.2 MES is a scheme whereby the payment of GST is suspended at the point of importation of goods. MES businesses are allowed to import non-dutiable goods without paying GST to Singapore Customs (SC).
The Major Exporter Scheme (MES) is administered by the Inland Revenue Authority of Singapore (IRAS). This scheme is designed to alleviate the cash flow of companies that re-export a substantial amount of their imports.
Nov 7, 2023 · The Major Exporter Scheme (MES) can help businesses ease cash flow by suspending the Goods and Services Tax (GST) on non-dutiable goods at the point of import. Applicable to all GST-registered businesses, the scheme is integrated under the umbrella of Singapore Customs (SC) and overseen by the Inland Revenue Authority of Singapore (IRAS).
Sign up for GIRO to enjoy up to 12 monthly interest-free instalments, or opt for once-a-year deduction. myTax Portal is a secured, personalised portal for you to view and manage your tax transactions with IRAS, at your convenience.
Apr 1, 2023 · The Major Exporter Scheme, also known as MES, is a scheme where the payment of GST is suspended at the point of importation of products. MES businesses would be able to import non-dutiable items without paying GST to Singapore Customs (SC). Regulation 45 of the Goods & Services Tax (General) Regulations serves as a way to suspend payment by ...
Learn how to apply for the IRAS Scheme, a customs facilitation scheme that allows you to defer GST payment on imported goods.
Jan 9, 2016 · The Major Exporter Scheme (MES) is a scheme whereby the payment of GST is suspended at the point of importation of goods. MES traders will be allowed to import non-dutiable goods without paying GST to Singapore Customs (‘SC’).
Jan 7, 2013 · Major Exporter Scheme (‘MES’) is a scheme whereby the payment of GST is suspended at the point of importation of goods. MES traders will be allowed to import non-dutiable goods without paying GST to Singapore Customs (‘SC’).
Relief of GST on imports. Goods imported by air or by post (except for dutiable products) are not subject to GST at the point of importation when the CIF value is not more than $400 . If the CIF value is more than $400, then the entire sum is subject to GST.
