Exceptions to charging 9% GST

The following supplies are exceptions to the requirement to charge GST at the prevailing rate of 9%.

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 9%.

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 9%.

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)

Common errors on output tax

Get to know the common output tax errors made by businesses and learn how you can avoid them through our series of videos!