My company imported printed material for commercial purposes. Design and printing were done in Malaysia. Should I include the design cost in the computation of GST?
The importer has to pay for the design work done in Malaysia when he imports the printed material into Singapore.
If the design was done in the country of importation (e.g. in Singapore), the design cost should not be included in the computation of GST.
However, the printing cost of the materials in Malaysia has to be included in the computation of GST.
Related questions
What are the costs that should be factored in the declared value of goods that were sent overseas for processing and re-imported back to Singapore for GST computation purposes?
Is the Declaring Agent required to include additional tax and duty in the computation of GST if the invoice of my shipment included tax and duty incurred overseas?
The import invoice shows the value of the item and also the overseas bank charges. Do these charges have to be included for GST computation?
My goods are arriving in Singapore soon and the importer has already paid the supplier for the goods. However, the importer has just received a revised invoice from the supplier and the price has been increased. Which invoice should be used for GST declaration?
Need more help?
Get in touch