[Singapore Only] Goods and Services Tax (GST)
Starting 1st February 2024, the following paid products in Singapore will be subjected to 9% GST:
- Coin bundles
- CarouBiz Subscriptions
- Sales Subscriptions
- Seller Tools via direct payment by card
How will the price change with this GST inclusion?
While the base price of our Coins and Seller Tools remain unchanged, an additional 9% will be charged and included in the final price at the point of payment.
Will it cost more to purchase Seller Tools (e.g. Bumps, Shoutout, Spotlight) after 1 Feb 2024?
This would depend on how you choose to pay for your Seller Tools.
There will be no change to the number of Coins needed to purchase any of the Seller Tools. However, if a direct purchase by card is made after 1 Feb 2024, the purchase will be subjected to GST.
For example, if it costs 300 Coins (approx. S$3) to Bump your listing,
|
Paying for Seller Tools using |
Before Feb 2024 |
From Feb 2024 |
|
Coins |
300 Coins* |
300 Coins* |
|
Direct Payment by Card |
S$3 + 8% GST |
S$3 + 9% GST |
*Cost of Coins will be dependent on when Coins were purchased.