Singapore Customs Agency Issues Circular on Implementation of Overseas Vendor Registration

The Singaporean Customs Department Oct. 21 issued Circular No: 11/2022 on the implementation of the overseas vendor registration (OVR) regime to be applied to imported low-value goods (LVG), starting Jan. 1, 2023. The circular includes FAQs on: 1) the scope of the OVR regime; 2) the procedure for the importation of LVG through the air; 3) whether GST information accounts for LVG or non-LVG items; 4) whether there are exemptions from penalties in cases of errors; 5) issues in recovering import GST in cases of double taxation on LVGs; 6) the reimbursement of GST on sales under the OVR regime; ...