Seminar on Singapore’s Overseas Vendor Registration regime

From 1 Jan 2020, Singapore will be implementing an Overseas Vendor Registration regime, where overseas suppliers that make cross-border B2C sales of digital services to consumers in Singapore are required to register and account for GST on their sales. This educational video covers the rules of Singapore’s Overseas Vendor Registration regime in detail, and highlights what overseas suppliers and marketplaces need to do to get ready for the regime.

OVR Registration Threshold – 0:02:31
Scope of Digital Services under OVR – 0:03:43
Electronic Marketplaces – 0:10:40
Transitional Registration Rules – 0:22:44
Features of Simplified Pay-only Regime – 0:24:18
Determining Customer Belonging Status – 0:28:10
Determining whether supply is B2C – 0:30:40
Time and Value of Supply – 0:31:44
Transitional Rules – 0:33:22
Preparing for OVR – 0:39:26

This information aims to provide a better general understanding of taxpayers’ tax obligations and is not intended to comprehensively address all possible tax issues that may arise. While every effort has been made to ensure that this information is consistent with existing law and practice, should there be any changes, IRAS reserves the right to vary our position accordingly.