Liquor Import Tax Calculation

[Rainofswords]

I want to use forwarder comsgateway to import teramana tequila to singapore?
750ml
40% alcohol
35usd

How to calculate the gst payable?

 

[BBCWatcher]

I want to use forwarder comsgateway to import teramana tequila to singapore?
750ml
40% alcohol
35usd
How to calculate the gst payable?

Let's look at the GST first, which is 7% of CIF. CIF includes the purchase price of the bottle plus shipping all the way into Singapore. Let's assume the shipping (incl. any insurance, if applicable) is S$25 (S$10 to Comgateway and S$15 from Comgateway to Singapore) and the bottle is S$47.50 (35 USD converted to Singapore dollars). So that's S$72.50 * 0.07 = S$5.08 GST.

OK, now the alcohol content. The excise duty is S$88 per liter of alcohol. A 750 ml bottle at 40% alcohol contains 300 ml of alcohol. 300 / 1000 * S$88 = S$26.40.

Adding it all together:

S$47.50 bottle
S$25.00 shipping (whole journey)
S$5.08 GST
S$26.40 alcohol duty
= S$103.98

That's more than double the original U.S. dollar cost in this example. Or you can just use the Singapore Wine Vault's handy online calculator.

 

[Tiger9119]

I want to use forwarder comsgateway to import teramana tequila to singapore?
750ml
40% alcohol
35usd

How to calculate the gst payable?

All alcoholic beverages including wine, champagne, beer, ale, whisky, vodka, alcoholic spirits and liqueurs are considered dangerous goods.

The shipping cost will be high.

 

[paul02]

Let's look at the GST first, which is 7% of CIF. CIF includes the purchase price of the bottle plus shipping all the way into Singapore. Let's assume the shipping (incl. any insurance, if applicable) is S$25 (S$10 to Comgateway and S$15 from Comgateway to Singapore) and the bottle is S$47.50 (35 USD converted to Singapore dollars). So that's S$72.50 * 0.07 = S$5.08 GST.

OK, now the alcohol content. The excise duty is S$88 per liter of alcohol. A 750 ml bottle at 40% alcohol contains 300 ml of alcohol. 300 / 1000 * S$88 = S$26.40.

Adding it all together:

S$47.50 bottle
S$25.00 shipping (whole journey)
S$5.08 GST
S$26.40 alcohol duty
= S$103.98

That's more than double the original U.S. dollar cost in this example. Or you can just use the Singapore Wine Vault's handy online calculator.

Thanks for the explanation!

 

[highsulphur]

Gst is imposed on alcohol duties as well

 

[paul02]

Gst is imposed on alcohol duties as well

That's included in the online calculator no?