Exceptions to Charging 7% GST

The following supplies are exceptions to the requirement to charge GST at the prevailing rate of 7%.

Export of Goods

For exports of goods, GST is charged at 0% (zero-rate). Zero-rated supplies are considered taxable supplies. However, GST is charged at 0% instead of 7%.

Provision of International Services

GST is also charged at 0% (zero-rate) for the provision of international services. International services are similarly considered taxable supplies where GST is charged at 0% instead of 7%.

Exempt Supplies

GST does not need to be charged on exempt supplies, which are broadly categorised into:

a. The provision of financial services

b. The supply of digital payment tokens (with effect from 1 Jan 2020)

c. Sale and lease of residential properties and

d. The import and local supply of investment precious metals (IPM)