General GST Schemes

Cash Accounting Scheme

The Cash Accounting Scheme is designed to alleviate the cash flow of small businesses. Under the scheme, businesses only have to account for output tax when payment is received.

Discounted Sale Price Scheme

Under the Discounted Sale Price Scheme, you can charge GST on 50% of the selling price when you sell a second-hand / used vehicle. You do not need to seek prior approval from IRAS to use the scheme.

Gross Margin Scheme

Second-Hand dealers who purchased goods free of GST may use the Gross Margin Scheme (GMS) to charge and account for GST.

Hand-Carried Exports Scheme (HCES)

The Hand-Carried Exports Scheme (HCES) is applicable if you wish to zero-rate your supplies to overseas customers for goods hand-carried out of Singapore via Changi International Airport.

Import GST Deferment Scheme (IGDS)

Under IGDS, approved GST-registered businesses pay GST on imports payments when their monthly GST returns are due instead of at the point of importation.

Major Exporter Scheme (MES)

Under MES, GST on non-dutiable goods is suspended at the point of import and also when the goods are removed from Zero GST warehouses.

Tourist Refund Scheme (TRS)

GST-registered businesses may provide GST refunds to tourists as an independent retailer or by engaging the services of a Central Refund Agency. In either case, they need to do so under the electronic Tourist Refund Scheme (eTRS).

Zero GST (ZG) Warehouse Scheme

The Zero GST (ZG) Warehouse Scheme is administered by Singapore Customs. Under this scheme, import GST on non-dutiable overseas goods is suspended when the goods are moved into a ZG warehouse. GST is payable only when the imported goods leave the warehouse and enter the local market.