GST-registered suppliers that wish to zero-rate their export of goods to overseas customers via postal or courier companies (scenario 6.1B of the e-Tax Guide, “GST: Guide on Exports”) should take note of an update of IRAS’ documentary requirements.
The key updates are:
- The shipment label is now recognised as a valid transport document.
- Proof of delivery from the postal or courier company to show that the goods have reached the overseas customer is now a required transaction document. This can be in the form of an online tracking record from the postal/ courier company’s website showing that the goods have been delivered.
- The requirement for transport documents to be endorsed has been removed.
Here are the new requirements from 8 Jul 2024:
If you are exporting goods through a Singapore-based postal or courier company to an overseas customer, you must maintain the following export evidence to zero-rate the supply to your customer.
Transaction documents required | Transport documents required | ||
| Purchase order or equivalent from your overseas customer; | Parcel despatch note; or | ||
| Your sales invoice to your overseas customers; | Courier consignment note; or | ||
[NEW!] Proof of delivery from the postal/courier company showing that the goods have reached the overseas customers; | Air waybill; or | ||
| Insurance documents (if applicable) with details of the shipment; | [NEW!] Shipment label | ||
| Evidence of payment received from your customer. | These documents issued by* the courier company should bear your/your business' name as the exporter or sender and also state the details of the goods exported.
*The requirements for the transport documents to be endorsed has been removed. |
For more information, check out the latest edition of our e-Tax Guide, “GST: Guide on Exports”.