I have an overseas import shipment but the incoterm of the invoice is EXW. Do I have to include insurance charges if the insurance was purchased locally?
Insurance charges incurred should be included in the computation of Goods and Services Tax (GST).
Related questions
I imported goods into Singapore. The invoice was issued by the shipper's sister company in Singapore. Should GST be excluded from the Cost, Insurance and Freight (CIF) value?
I have a consignment of goods from a supplier X. However, a local company Y will be billing me for the goods. Do I pay Goods and Services Tax (GST) on X's invoice value (to Y) or Y's invoice value (to my company)?
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?
Need more help?
Get in touch