Shipping from Hong Kong to Singapore can be a seamless process when you have the right logistics partner by your side. Whether you're an e-commerce entrepreneur or a business owner looking to expand your reach, understanding the ins and outs of how to ship to Singapore is essential.
Singapore is one of Hong Kong’s most significant trading partners, and at DHL Express, our goal is to ensure a smooth, express delivery process. In this guide, we'll provide you with valuable tips, insights, and technical details necessary to streamline your shipping. With the right information and support, international shipping becomes less a challenge and more a strategic step towards business growth.
Singapore Customs Duties and Taxes
When shipping goods from Hong Kong to Singapore, it's essential to be aware of the import duties, taxes, and fees that may apply. This will help determine how much it costs to ship to Singapore and ensure your business can remain cost-efficient.
There are three types of duties and taxes for imported shipments: excise tax, customs duties, and goods and services tax (GST). However, only GST is universally applied to all imported goods in Singapore, regardless of their value.
Goods and Services Tax (GST)
What is GST?
GST (Goods and Services Tax) is similar to Value Added Tax (VAT) or consumption tax in other countries. It is a tax levied on goods sold, services provided within Singapore, and goods imported into Singapore.
GST Rate and Calculation Method
As of January 1, 2024, Singapore's GST rate is 9%. The GST is calculated based on the "Customs Value" of the goods. For imported goods, the Customs Value is typically the "CIF Price" (i.e., the sum of Cost of goods, Insurance, and Freight), plus any applicable duties (if any).
If your consignment falls under dutiable goods (as listed below), the calculation will be based on the latest selling price of your consignment or include any duties. If you are preparing to sell goods to consumers in Singapore, and the products meet the mandatory GST registration requirements, you must pay GST on all products valued at S$400 or less.
Certain goods exempted from GST in Singapore include:
- Investment precious metals
- Items that do not enter Singapore customs or are in a free trade zone
- Goods that belong to an importer of record who has been approved for a GST scheme in Singapore
Excise Tax
Singapore imposes Excise Tax on four main categories: intoxicating liquor, tobacco products, motor vehicles, and petroleum products. Goods falling into these categories are subject to customs duties that vary from item to item.
Custom duties
According to Singapore Customs policy, Singapore is a free port and does not levy import duties on the vast majority of goods. This policy greatly simplifies import procedures and reduces the import costs of many goods. General customs duties, collected by Singapore Customs, are specifically imposed on selected alcoholic beverages including Stout, Porter, Ale, and Samsu.
The customs duty rates in Singapore fluctuate between SGD 8 and SGD 16 per litre, depending on the alcohol type. It is important to accurately declare the value and description of your goods to avoid delays and penalties at customs.
Singapore Prohibited and Restricted Items for Import
Singapore enforces stringent import regulations, particularly on narcotics, weapons, and counterfeit items.
Singapore prohibited imports include chewing gum (unless medically approved), firecrackers, rhinoceros horn, endangered species and related products, and certain telecommunication equipment, detailed on the Infocomm Media Development Authority website.
Restricted items requiring authorization for import include various animal products, protective clothing like bullet-proof vests, specific types of batteries and chemicals, rough diamonds, multimedia discs, fishery products, certain food and plant items, and porcelain or china tableware.
We strive to provide an efficient and straightforward shipping experience and recommend that shippers review the full list of prohibited and controlled items for import into Singapore to avoid legal issues and customs delays. Ensure that your shipments comply with Singapore’s import regulations at every step of the process to avoid any complications.
Documents Required for Singapore Customs Clearance
All exporters looking to ship from Hong Kong to Singapore will have to enrol in Overseas Vendor Registration. You are also required to register for a Unique Entity Number (UEN) that they will use when dealing with Singapore customs. This UEN will allow third-party logistics agents or freight forwarders, such as DHL Express, to obtain the necessary customs permits for you to complete the import formalities into Singapore.
Documents that may be required when shipping from Hong Kong to Singapore include:
- Customs permit
- Shipping/commercial invoice
- Packing list
- Bill of lading or air waybill
- Import permits or licences (if applicable)
- Certificate of origin (if claiming preferential tariffs under trade agreements)
- Consignment note
Ensuring that you have the necessary export documentation will help expedite the Singapore customs clearance process and prevent delays in delivery. All details should be filled in accurately on the relevant documents, and the necessary permits or regulations should be followed and met ahead of time to avoid delays. Expert customs clearance services, such as those provided by DHL Express, can help businesses expedite the process and ensure compliance with all regulatory requirements.
Preferential Tariffs under the ASEAN-Hong Kong, China Free Trade Agreement
The ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) provides preferential tariff treatment for eligible shipments from Hong Kong to Singapore. Under the AHKFTA, qualifying goods exported from Hong Kong to Singapore may benefit from reduced or zero tariffs, making it more cost-effective for businesses to trade between the two regions. Here are the main aspects of the agreement:
- Covers four key areas: tariff reduction for traded goods, easing of trade restrictions in services, extended business stays and enhanced investment protection.
- Most ASEAN states will either eliminate or reduce customs duties on goods from Hong Kong. For goods originating from Hong Kong, Singapore will reduce customs duties to zero.
- With the FTA, business travellers can enjoy extended stays. Hong Kong business visitors are allowed to stay for up to 90 days in ASEAN countries.
By leveraging the AHKFTA, businesses can take advantage of lower import costs and expand their market reach in Singapore.
Simplify the International Shipping Process from HK to SG with DHL Express
Singapore Import Duties Inquiry & Quote
For businesses planning to send a parcel to Singapore, accurately understanding the latest Singapore Import Duties policies and related fees is crucial. DHL Express not only provides transparent international logistics quotes but is also happy to assist customers with Singapore Import Duties inquiries, ensuring you have a clear budget for all potential costs before shipping from Hong Kong to Singapore.
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