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Selling & Shipping to Singapore Guide—OVR Scheme Insights | Decoding Cross-Border Ecommerce | Ep #29
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Thinking of expanding your sales into Singapore? Well, you’re in luck! In Episode 29 of the Decoding Cross-Border Ecommerce podcast, hosts Clint Reid, Founder and CEO of Zonos, and Aaron Bezzant, Zonos’ Head of Global Trade Strategy, dive into the intricacies of selling and shipping to Singapore. This episode covers the economic landscape of Singapore, why it’s a prime market for international sellers, and the complexities of the country’s tax laws, including the de minimis threshold and GST regulations. They also discuss practical strategies for businesses to simplify cross-border transactions, avoid common pitfalls, and optimize their ecommerce operations in this thriving market. Whether you're new to international trade or looking to expand into Singapore, this episode is packed with valuable insights and actionable advice.
Additional resources:
Singapore country guide:
Singapore OVR GST guide:
Singapore OVR GST blog:
Learn more about Zonos:
https://www.zonos.com/?utm_source=youtube&utm_medium=video-link&utm_campaign=podcast
[00:00:00] Opening clip
[00:00:37] Intro
[00:04:49] De minimis, duty, and tax
[00:09:02] Singapore’s OVR GST scheme
[00:12:59] Option 1 - Sales value
[00:18:04] Option 2 - Import value
[00:21:11] Option 3 - Consignment value
[00:25:44] The easy button
[00:26:59] Filling out the commercial invoice
[00:29:08] Final thoughts, plus announcement
#zonos #podcast #Ecommerce #Singapore #GST #InternationalTrade #DecodingEcommerce #GlobalShipping #BusinessGrowth #Logistics #CrossBorderEcommerce #OVRscheme #OVR #internationalShipping #InternationalSelling
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