What is the GST Import Scheme?

When goods are imported into Singapore, GST is normally payable to Singapore Customs at the point of import, which can tie up cash flow for businesses that import frequently. Several IRAS schemes ease this by deferring or suspending the import GST. The main ones include:

• Major Exporter Scheme (MES): lets approved businesses whose supplies are mainly exports (zero-rated) import and remove goods from customs control without paying import GST upfront.
• Import GST Deferment Scheme (IGDS): lets approved importers defer the import GST and account for it in their GST return instead of paying it at the point of import.
• Approved Third Party Logistics (3PL) Company Scheme and Approved Import GST Suspension Scheme (AISS): cater to qualifying logistics providers and the aerospace sector respectively.

These schemes have qualifying conditions – typically a good compliance record, GST registration and, for MES, a minimum proportion of zero-rated supplies – and require application to IRAS. They do not remove the GST liability; they change when and how it is accounted for, improving cash flow. Apexia can assess your eligibility and manage the application.