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GST Rate in Singapore.

Learn about the GST rate in Singapore, rules and requirements. And get some handy insight into how Wise can help, with mid-market rate currency exchange, for a better deal when paying for goods from overseas.
GST Rates

How much is GST in Singapore?

The standard goods and services tax (GST) in Singapore is 7%. It applies to most goods and services with a few exemptions. These include basic foods, certain medical and healthcare services and some educational courses.

How much is GST in Singapore?

What is a GST rate?

GST (goods and services tax) is a type of consumption tax. The government in Singapore applies it on the sale of goods and services.

GST isn’t paid by businesses — instead, it’s charged to consumers in the price of goods, and collected by businesses, making it an indirect tax. Businesses are then responsible for reporting it to the government.

What is a GST rate?

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How to work out GST in Singapore.

Total price including GST

To work out the total price at the standard rate of GST (7%), multiply the original price by 1.07.

Total price excluding GST

You can calculate the total price excluding the standard GST rate (10%) by dividing the original price by 1.07

calculator

What are the GST rates in other countries?

Choose a country to find its GST rates.
Country

How does GST work?

GST is collected at each point in the production of goods — every time value is added and a sale is made. It’s designed to be paid by the consumer at the end. Here’s an example:

  • A supplier sells a badminton racket to a shop for S$120. They owe S$20 GST to the government.
  • The shop pays $120 but can claim the S$20 back from the government, so the shop doesn’t pay the GST.
  • The shop sells the racket to the customer for S$220. The GST is $44 which the customer, as the end-user, pays in full to the shop.
  • Together with the reclaimable S$20 GST, the shop will end up paying S$24 to the government.
How does GST work?

GST Refund.

You may claim a refund on the 7% Goods and Services Tax paid on your purchases, If you make any purchase of more than S$100 (including GST) at participating shops.

There are multiple ways of receiving the refund — either get paid immediately at a refund booth at the airport or send the approved form to a refund company.

GST Refund.

How to get a GST refund in 3 simple steps?

Application form

Get a Tax Refund Application Form from the retailer. You might also be asked to show your passport to check that you’re eligible.

Customs check

At customs, present your passport, GST form(s), GST invoice(s) and the tax-free goods.

Refund approved

If all the criteria is met, customs will approve your form. You’ll get a signed form that allows you to receive the refund.

FAQ about GST rate.

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