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I have been offered a quantity discount of 10% by my supplier. Should the discount be reflected in the Customs value?
Discounts given by the supplier such as cash, quantity and trade discounts can be accepted and excluded for GST computation purpose.
To facilitate the clearance of your goods, please attach the supplier's letter of explanation on the nature of discount with your supporting documents such as the invoice and/or permit.
Alternatively, the type of discount should be stated clearly on the invoice.
Related questions
I received a discount for my online purchase. Do I have to pay GST for the original value of the purchase before discount?
What are the discounts in the commercial invoice that are not acceptable by Customs? Which are the ones to deduct from the invoice value for GST?
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What is a trade discount? A supplier listed the discount in the invoice as the consignee is the distributor in Singapore. Should it be included in the CIF value?
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An importer acquires a machine from an overseas supplier. The list price of the machine is S$200 but the supplier grants a 10% trade discount to the buyer because he operates at the retail level of trade, resulting in a total price paid or payable of S$180. What is the Customs value?
customs
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