Suspension of GST on Goods Temporarily Removed from Zero GST or Licensed Warehouse for Auctions and Exhibitions

Currently, GST is payable when goods are removed from a Zero GST or Licensed Warehouse¹. 

GST is not levied when the goods are

• exported from the approved warehouses to overseas markets or when they are supplied within the approved warehouses or
  
• removed from the approved warehouses by a Major Exporter Scheme (MES) trader or approved Third Party Logistics (3PL) company.
  
  
  

To promote specialised storage facilities as well as auctions and exhibitions in Singapore, the Minister for Finance has announced in Budget 2009 to suspend GST on the

• removal of goods from the approved warehouses for auctions or exhibitions, provided the goods are returned to the warehouse after the auction or exhibition or
• sale of these goods at the auction or exhibition, provided the goods are returned to the warehouse subsequently.

The above tax change, to be administered by Singapore Customs, will take effect from 1 April 2009 by way of Ministerial remission until the legislative changes are made. Singapore Customs will release details of the tax changes by Mar 2009. 


¹ Jointly known as approved warehouses