tariff finder singapore


What is the US – Singapore Free Trade Agreement (ussfta)?

The US – Singapore Free Trade Agreement (USSFTA) eliminates tariffs for all of Singapore’s exports to the US. It gives tariff preference based on the exporter's declaration, waives Merchandising Processing Fees for Singapore originating products and safeguards market access.

How is GST calculated in Singapore?

Singapore levies a 7% Goods and Services Tax (GST), which is scheduled to be raised to 8% from January 1, 2023 and then to 9% from January 1, 2024. For dutiable goods, the taxable value for GST is calculated based on the CIF (Cost, Insurance, and Freight) value, plus all duties and other charges.

Is Singapore a duty-free country?

The few lines with non-zero duties are for certain alcoholic beverages. For social and/or environmental reasons, Singapore levies high excise taxes on distilled spirits and wine, tobacco products, motor vehicles and petroleum products. All U.S. exports to Singapore under the FTA are duty-free.

Does Singapore have a zero-duty tax?

It applies a Most-Favored-Nation (MFN) zero-duty to nearly 100 percent of its tariff lines. The few lines with non-zero duties are for certain alcoholic beverages. For social and/or environmental reasons, Singapore levies high excise taxes on distilled spirits and wine, tobacco products, motor vehicles and petroleum products.

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