Cheap Accessories from AliExpress/Shopee/Lazada are Going to Cost More Due to GST

[SBF]

https://vulcanpost.com/764771/gst-imported-goods-services-jan-2023-singapore

Quote

In this year’s Budget 2021 speech, Mr Heng Swee Keat first announced that he will be extending the Goods and Services Tax (GST) to imported low-value goods.

Under proposed changes to the Goods and Services Tax Act made through the Goods and Service Tax (Amendment Bill), the Ministry of Finance (MOF) announced today (October 4) that GST is set to be imposed for all imported goods from 2023.

GST could be introduced from 1 January 2023 on low-value goods imported via air or post, and business-to-consumer (B2C) imported non-digital services such as live interaction with overseas providers of educational learning and telemedicine.

Currently, these imported goods and services are not subject to GST. Instead, GST is only paid for goods that are bought in Singapore.

 

There probably will be a 7% or more GST attached to self-imported items. I know a big part of the motorcycle community purchases their grips, pedals, mods and accessories from these overseas vendor so this is going to affect us directly, which is most unfortunate!

What do you think? Time to support the local shops more?

[adesmond2]

6 hours ago, SBF said:

https://vulcanpost.com/764771/gst-imported-goods-services-jan-2023-singapore

 

There probably will be a 7% or more GST attached to self-imported items. I know a big part of the motorcycle community purchases their grips, pedals, mods and accessories from these overseas vendor so this is going to affect us directly, which is most unfortunate!

What do you think? Time to support the local shops more?

local stores sell them at 100-200% profits.. 

I only buy those additive or those parts that's going into my engine directly from local stores as they are more trustworthy.. 

external parts.. i think as long wun compromise safety, still ok to buy from overseas.. btw, since i'm using sea shipment most of the time.. I'm already paying 7%.. doesn't really impact on me.. haha..