In the context of globalization and digitalization, more and more countries and regions are beginning to pay attention to e-commerce and online shopping, and Singapore, as an important trade center and free port, has attracted the attention of many customers and businesses. This article will introduce relevant content on whether cross-border e-commerce goods exported from China to Singapore are tax-free.
China’s export goods need to pay tariffs, while Singapore, as a free port, has zero tariffs on most goods when importing and exporting. This is the difference between the two countries’ trade policies. According to the regulations of China Customs, the tariff rate for exported goods is a single tariff system. Singapore is a free port and does not need to pay tariffs on the import and export of most goods. It only imposes import taxes on a few products such as tobacco, alcohol, petroleum and automobiles. In addition, all exported goods from Singapore are tax-free, and any company or organization whose export volume reaches a certain limit can apply.
In addition to differences in tariffs, Singapore also provides a convenient environment and services for import and export trade. Singapore has established eight “free trade zones” near its ports and airports to provide duty-free concessions and convenient logistics services for goods from around the world entering and leaving Singapore. These “free trade zones” are operated and managed by three companies in Singapore. The corporate operation of these “free trade zones” has greatly improved their work efficiency and service levels.
Singapore also has different policies from China in terms of import licenses. As early as 1984, Singapore became a party to the Agreement on Import Licensing Procedures, the predecessor of the WTO, the General Agreement on Tariffs and Trade, committing to keep the number of import licenses at a minimum and not to impose quantitative restrictions as part of the import license. Therefore, most imported goods have no restrictions or import licenses. In addition, Singapore has relatively few export restrictions, and relevant certificates are only required when there are safety or health requirements.
The above is the content of whether cross-border e-commerce goods exported from China to Singapore are tax-free. With the development of technology and globalization, Singapore’s trade environment and online shopping market are also constantly changing and developing. Singapore attracts many customers and businesses with its free port status, convenient logistics services and rich variety of goods. In the future, with the application of new technologies and new business formats, Singapore’s trade and online shopping market will continue to develop and grow.