Case Studies
The Zero-GST Warehouse Scheme allows goods to be imported and stored at specific registered warehouses without paying the Goods & Services Tax (GST). Companies with international manufacturing facilities will be able to take advantage of this scheme to utilise Singapore’s ideal location as a logistics hub for their goods.
Challenges
The customer needs to consolidate goods manufactured in multiple ASEAN countries, and then re-export them to other ASEAN countries for sale without incurring extra costs.
Solution
- Conduct operations in Singapore using the Zero-GST Warehouse Scheme
- Issue Back to Back preferential Certificate of Origin, allowing the customer to enjoy preferential tariffs in the country of import
Benefits
- Cashflow is improved since GST does not have to be paid at the time of import
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