Understanding the Major Exporter Scheme (MES) and Its Renewal Requirements The Major Exporter Scheme (MES), administered by IRAS, allows GST‑registered businesses in Singapore to suspend GST on imports of non‑dutiable goods and on removals from zero‑GST warehouses. This helps reduce cash flow strain for companies that deal heavily in exports. Typically, MES is granted … Read more
Under MES, GST on non-dutiable goods is deferred both at the time of import and when the goods are withdrawn from Zero GST warehouses. Purpose The Major Exporter Scheme (MES) is designed to improve cash flow for businesses heavily involved in importing and exporting goods. Under standard regulations, businesses must pay GST upfront on their … Read more
What is PSG Grant? The Major Exporter Scheme (MES) in Singapore is a scheme designed to ease the need for businesses to pay GST input tax on imported goods that are being re-exported. Without the major exporter scheme, businesses have to pay GST input tax immediately on goods imported while waiting to file and claim a refund … Read more