Can overseas suppliers be required to register for GST in Singapore?
Yes. Overseas suppliers may be liable for GST registration in Singapore under the Overseas Vendor Registration (“OVR”) regime.
When is an overseas supplier required to register for GST?
An overseas supplier is generally required to register for GST if:
Its annual global turnover exceeds S$1 million; and
The value of remote services and/or low-value goods supplied to non-GST registered customers in Singapore exceeds S$100,000 annually.
What types of supplies are covered under the OVR regime?
The OVR regime generally applies to business-to-consumer (“B2C”) supplies of remote services and low-value goods made to customers in Singapore.
Can overseas companies providing services to Singapore subsidiaries be affected?
Yes. For example, an overseas company providing services to a non-GST registered subsidiary in Singapore may be required to register for GST if the prescribed registration thresholds are exceeded.
