GST Major Exporter Scheme

Major Exporter Scheme (MES)

Benefits of applying for Major Exporter scheme

GST-registered traders who import goods into Singapore for the main purpose of re-export can improve their cash flow by deferring Goods and Services Tax (GST) on goods imported mainly for re-export with the Major EXporter scheme.

Without MES, exporters have to pay GST when the goods are imported. They can claim back the GST back from the Inland Revenue Authority of Singapore (IRAS) if the GST input tax exceed the output tax.

With the MES, exporters do not have to pay GST on import. The GST will only be charge GST when the goods are sold locally in Singapore.

As the GST payment are deferred, there is an improvement in cashflow for the company depending on the volume of imports made by the company.

Requirement to qualify for Major Exporter Scheme

In order to qualify for MES, , your zero-rated supplies must account for more than 50% of the total supplies or the value of your zero-rated supplies is more than S$10 million for the past 12 months.

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