Under current Singapore law, these supplies are outside the scope of the GST rules. The implementation will create obligations for both established and non-established businesses.
Business-to-business (B2B) imported services
Local supplies of services are generally taxed for GST purposes at the standard 7% rate.
As of 2020, B2B imported services will be drawn into the GST system and will have to be accounted for under a reverse charge mechanism. This…