Determine taxes and fees on imports into Singapore
Import Duty
Singapore applies a 0% import duty rate (MFN) to almost all goods in its tariff schedule. However, a small number of tariff lines (including alcohol, tobacco, motor vehicles, and petroleum products) are still subject to import duties for social and/or environmental reasons.
As of the end of 2024, Vietnam and Singapore shared 9 FTAs, including:
(1) ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA),
(2) ASEAN-China Free Trade Agreement (ACFTA),
(3) ASEAN-India Free Trade Agreement (AIFTA),
(4) ASEAN-Japan Comprehensive Economic Partnership (AJCEP),
(5) ASEAN-Korea Free Trade Agreement (AKFTA),
(6) ASEAN Trade in Goods Agreement (ATIGA);
(7) ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA);
(8) Regional Comprehensive Economic Partnership (RCEP).
(9) Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Under all of these agreements, Singapore grants a special preferential tariff rate of 0% for all tariff lines to all partners, including Vietnam, provided that the imported goods satisfy the relevant rules of origin and are accompanied by proof of origin under the corresponding FTAs.
Other Taxes
- Excise Duty: Applicable to 4 groups of goods, namely alcohol, tobacco, motor vehicles, and petroleum products
Enterprises may consult the list of excisable goods in Singapore at the following link: https://www.customs.gov.sg/businesses/valuation-duties-taxes-fees/duties-and-dutiable-goods/list-of-dutiable-goods/
- Goods and Services Tax (GST): All imported goods, except for certain specific exemptions, are subject to GST at the rate of 9% (applicable from 2024).
Other Fees and Charges
Enterprises may find detailed information on other fees and charges payable to Singapore Customs at the following link: https://www.customs.gov.sg/businesses/valuation-duties-taxes-fees/permits-documentation-and-other-fees/
Source: Center for WTO and International Trade - VCCI
