Customs duty in Singapore varies depending on the type of goods being imported and their value. Generally, customs duty in Singapore is calculated based on the Cost, Insurance, and Freight (CIF) value of the goods, which includes the cost of the goods, the cost of shipping, and any insurance costs.
Singapore has a tiered system of customs duty, with lower rates for basic goods and higher rates for luxury goods. For example, the customs duty for most non-luxury goods is 0%, while the duty for luxury items such as jewelry, watches, and perfumes can range from 3% to 10%.
In addition to customs duty, there may be additional taxes and fees that apply, such as the Goods and Services Tax (GST) of 7%. Certain goods may also be subject to excise duty, such as alcohol and tobacco products.
To find out the specific customs duty rates for a particular item, you can use the Tariff Finder tool on the Singapore Customs website or consult with a customs agent or freight forwarder.