According to ACMT scheme, a trader, as well as a contract manufacturer, need not report GST for any value-added activity which was rendered to a non-GST registered foreign customer.
A contract manufacturer who is from the following industries:
Contract manufacturers who are part of the biomedical industry via other business divisions will be taken into consideration for this scheme on an individual basis.
Following are the key benefits of ACMT Scheme in Singapore.
Under the following circumstances, you will be entitled to import GST suspension:
*Section 33(2) agent: As a section 33(2) agent, you can import as well as render goods in place of a foreigner who has not registered for GST in Singapore.
*Section 33A agent: When certain qualifying criteria are met, as a section 33A agent you will be able to import commodities that belong to a foreigner & then export those commodities (without additional supply of commodities), you might be able to claim the GST amount you’ve paid during the importing process in place of a foreigner.
You can make a GST claim on commodities that were purchased locally by your non-GST registered foreign customer and dispatched to you. Later, you execute a value-added service on the commodities that were delivered to you in place of the overseas customer considering it as your input tax.
A commodity must become an input to either your processed/treated commodity which is subsequently:
This input tax claim can be made by you only if you comply with either of the conditions mentioned below:
You will be in a position to ignore the provision of value-added activities (such as assembly/processing/testing services) to your overseas non-GST registered customer when the commodities you’ve processed/treated are:
You also get to disregard the provision of a value-added service with respect to excess/failed production to your foreign non-GST registered client provided goods you’ve processed or treated are:
When you opt to self-dispose/self-destroy excess or failed productions, you will need to request for a confirmation from the Comptroller in writing that you’re allowed to ignore your provision of value-added services with respect to those commodities.
You will need to provide information in relation to the disposal/destruction process & supporting documentation you are going to maintain.
Note: GST is not chargeable on the fee that was charged to your foreign client.
You can apply for this scheme either as an ACMT CM (an authorised contract manufacturer) or as an ACMT LOG (an authorised logistics firm) based on what your role is in the contract manufacturing supply chain.
Your ACMT application needs to be submitted with the following additional documents:
In addition to submitting the required application form and the supporting documents, you need to perform either of the steps given below:
It is mandatory that the ASK declaration form should be certified either by your in-house or an external tax worker who is accredited either as an Accredited Tax Advisor (GST) or an Accredited Tax Practitioner (GST) with the SIATP (Singapore Institute of Accredited Tax Professionals).
If you’re a successful ACAP applicant, you need not provide the ASK declaration form when the results for the review of ACAP and ACAP report submission are pending.
|GST-Registration Number/UEN||Approval Date||Approved Business Name||Status|
|199800834K||1st April 2009||ASE Singapore Pte Ltd||ACMT CM|
|200608760H||1st August 2011||Ardentec Singapore Pte Ltd||ACMT CM|
|53129136K||21st November 2011||GlaxoSmithKline Biologicals||ACMT CM|
|198105976H||1st October 2009||Avi-Tech Electronics Limited||ACMT CM|
|200203640M||1st September 2015||Jabil Circuit (Singapore) Pte Ltd||ACMT CM|
|198703584K||1st April 2009||GLOBALFOUNDRIES Singapore Pte Ltd||ACMT CM|
|199804706E||1st April 2009||JSI Logistics (S) Pte Ltd||ACMT LOG|
|197903460H||1st April 2009||John Wiley & Sons (Asia) Pte Ltd||ACMT LOG|
|196700192D||1st April 2009||Markono Print Media Pte Ltd||ACMT CM|
|200614708M||1st October 2011||Lonza Biologics Tuas Pte Ltd||ACMT CM|
|198305350W||1st April 2009||Sanmina-SCI Systems Singapore Pte Ltd||ACMT CM|
|200511099D||1st September 2009||Powertech Technology (Singapore) Pte Ltd||ACMT CM|
|200101497G||1st April 2013||Speedmark Logistics Pte Ltd||ACMT LOG|
|199403603G||15yh September 2009||Smartflex Technology Pte Ltd||ACMT CM|
|196900236M||1st April 2009||STMicroelectronics Pte Ltd||ACMT CM|
|199407932D||1st April 2009||Stats Chippac Ltd||ACMT CM|
|201503214R (M90370157E)||1st May 2015||UTAC Headquarters Pte Ltd||ACMT CM|
|200201226C||1st September 2015||XPO Logistics Worldwide Asia Pacific Pte Ltd
(f.k.a. Menlo Worldwide Asia Pacific Pte Ltd)
|199805959G||1st September 2015||Systems on Silicon Manufacturing Company Pte Ltd||ACMT CM|
|GST-Registration Number / UEN||Approved Date||Name of the Approved Organisation||Status|
|199400396C||1 April 2009||Agility International Logistics Pte Ltd||ACMT LOG - Valid till 14 June 2013|
|197501572K||1 April 2009||Abundance International Limited (f.k.a. Craft Print International Limited)||ACMT CM - Valid till 2 February 2016|
|198302438E||1 April 2009||ESEC (Singapore) Pte Ltd||ACMT CM - Valid till 31 December 2013|
|200005970Z||12 February 2010||Distribution Alliance International Pte Ltd||ACMT LOG - Valid till 31 January 2014|
|197501566C||1 April 2009||IBM Singapore Pte Ltd||ACMT LOG - Valid till 31 March 2015|
|199701972G||1 April 2009||GLOBALFOUNDRIES Silicon Partners Pte Ltd||ACMT CM - Valid till 31 December 2013|
|197000914Z||1 April 2009||Schenker Singapore (Pte) Ltd||ACMT LOG - Valid till 31 August 2015|
|197801823M||1 April 2009||KHL Printing Co. Pte Ltd||ACMT CM - Valid till 11 March 2016|
|199004870N||1 April 2009||Telford Industries Pte Ltd||ACMT CM – Valid till 31 May 2013|
|199800060H||1 April 2009||Silicon Manufacturing Partners Pte Ltd||ACMT CM - Valid till 9 February 2016|
|A2500429D||1 April 2009||Venture Corporation Limited||ACMT CM - Valid till 31 October 2016|
|199708070H||1 April 2009||United Test and Assembly Center Ltd||ACMT CM - Valid till 30 June 2017|
IRAS offers another scheme known as the Approved Import GST Suspension Scheme. This scheme renders benefits to a GST-registered business which is part of the aerospace industry with respect to import GST suspension on eligible aircraft parts. To learn more about other scheme visit below.