The Approved Third Party Logistics (3PL) Company Scheme is designed to increase the competitiveness of logistics companies that provide logistics management services to overseas clients who use Singapore as a logistics hub.
A logistics company usually imports and supplies goods that belong to its overseas clients (principals) in the capacity of a Section 33(2) agent.
Under the Approved 3PL Company Scheme, you:
To apply, please submit:
In addition, you must either:
When you import goods your own goods and goods belonging to your overseas principals (who are not GST-registered) using your Approved 3PL Company Scheme status, you should declare the value of imports in:
They must be supported by valid ME permits and relevant supporting documents (e.g. commercial invoices and appropriate shipping documents).
As GST on imports has been suspended (i.e. not paid), you should not claim any input tax.
When you import your own goods and goods belonging to your overseas principals (who are not GST-registered) into a Zero GST (ZG) Warehouse , you must declare the imports in your GST return despite the suspension of GST.
You should declare the value of imports in Box 5 (Total value of taxable purchases) even though GST is suspended.
When the imported goods are later removed from ZG Warehouse into customs territory using your Approved 3PL Company Scheme status, you should declare the value of goods removed in:
They must be supported by valid ME / MC / Customs permits and relevant supporting documents (e.g. commercial invoices and appropriate shipping documents).
You do not need to charge GST on such supplies.
You are still required to include such supplies in Box 1 (Total value of standard-rated supplies) of your GST return.
As payment of GST is not required on these supplies, you do not declare any output tax in Box 6 (Output tax due). Your tax invoices issued for such supplies need not reflect the GST amount and must include the description “Payment of GST is not required under the Approved Third Party Logistics Company Scheme”. The recipients of your goods (i.e. persons who are approved under MES/ AISS/ ACMT Scheme/ Approved 3PL Company Scheme) should declare their purchases of the imported goods from you in their GST returns in:
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