If you will visiting Singapore any soon or you are planning to, it is good you know that if you make purchases of more than S$100 you are eligible to claim a 7% refund Goods and Service Tax is also known as GST. This refund is eligible for aclaim when purchases are made at stores participating in the Tourist Refund Scheme. To find out if a store you intend to shop is participating in the refund scheme, inspect the shop for a tax-free shopping logo or you can also consult the retailer and ask if purchases made are eligible for tax refunds.
In order to be eligible for the refund, you have to be a tourist in Singapore and you have to meet the following conditions:
- You are not a permanent resident or a citizen of Singapore
- In the last 24 months before the date of making your purchase, ensure you have spent 365 days or if possible less
- You have not be engaged in any Job in the last 6 months before making your purchase
- You are 16 years old or older at the time of making the purchase
- You are not holding a position as a crewmember of the ship or aircraft that brought you to Singapore.
- You will beleaving Singapore from the International Passenger Terminal at Harbor Front Centre as an international cruise passenger, or Seletar Airport or Changi Airport. If you are departing Singapore through the causeway and if you are departing Singapore on a ferry ship, round-trip cruise or a cruise to nowhere, you are not eligible for the tax refund.
- You would have made a purchase from the participating stores 16 weeks from the moment you submit your application for a refund.
Below are some of the purchases you should avoid making because they can nullify your eligibility for a GST refund:
- Goods that will be transited out of Singapore by freight
- Goods that have ahistory with other users, either used or consumed in Singapore.
- Goods that will be exported out of Singapore solely for commercial objectives.
- Hiring car rental services, accommodation in a hotel and tour charges.