Standard Rated Supplies (7% GST)
Most local sales of goods and provision of local services in Singapore fall under this category. For example, sale of a TV set in a Singapore retail shop and provision of spa services to a customer in Singapore.
All goods imported into Singapore are also subject to GST. When goods are imported, the tax is paid on the Value of Import. The Value of import will include any custom duty payable and the Cost, Insurance, and Freight (CIF) etc. The GST on the import is charged based on the Value of Import, which includes cost, custom duty, insurance, freight etc, and is collected by the Singapore Customs.
Zero Rated Supplies (O% GST)
In general, goods that are exported and services supplied to foreign-based consumers (International Services under the GST Act, Section 21.3) fall under this category. For example, sale of a laptop shipped to an overseas address and cultural, artistic, sporting, educational or entertainment services performed wholly outside Singapore. All relevant transaction and transport documents must be retained for filing purposes.