Why is wine so expensive in Singapore?

Quoting Export.gov, a US government website aimed at helping US companies with its overseas export, Singapore has high excise taxes on alcohol due to social and/or environmental reasons. This indicates that all alcohol imports to Singapore are taxed heavily.

How much does a glass of wine cost in Singapore?

18 Singapore: $10, Or $7.14USD

In a country that’s pretty heavy on its food costs – especially while dining out – it’s not surprising to see that an average, or even lower-quality, glass of wine goes for at least seven dollars.

What is the wine tax in Singapore?

For all types of wine consumed and distribute in Singapore, the Singapore Government levies an excise duty of $88 per liter of alcohol. In addition, a Good and Services Tax (GST) of 7% is applicable as well.

How is alcohol taxed in Singapore?

Today, tax on alcohol in Singapore is calculated on the basis of 88 SGD per litre. In practice, that equates to 8.58 SGD on a 750ml bottle of 13% wine (88 x 0.75 x 0.13). Added to that is the standard 7% GST (much lower than the 20% VAT in the UK).

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Can you buy alcohol in Singapore?

The legal drinking age in Singapore is 18 years old. This means that only those aged 18 and above will be able to buy and/or consume alcoholic beverages in premises licensed to sell alcohol (such as restaurants and supermarkets) in Singapore.

How much is a glass of wine in Italy?

Bottled wine is pricier but still very good value; expect to pay €9–20 a bottle in a mid-priced restaurant, and less than half that from a shop or supermarket. In bars you can buy a decent glass of wine for about €3.

What does a beer cost in Singapore?

In 2020, the average retail price for six 330ml cans of beer in Singapore was at 15.61 Singapore dollars.

Can I ship wine to Singapore?

Shipping alcoholic drinks and wine to Singapore

The exact amount of payable tax will be determined by local customs after inspecting the parcel. Local customs will inform the recipient regarding duties tax and payment. Customs clearance will proceed after the payment is settled.

Can I import wine to Singapore?

Alcohol Import Permit

In order to import alcohol from overseas, one must obtain a permit. According to the Regulation of Import and Export regulations, this can cost up to $100. Moreover, the permit fee does not include other miscellaneous fees and rates such as service fees, application fees, and more.

How is custom duty calculated?

Basic Customs Duty (BCD): This is the tax that is calculated on the Assessment Value of the goods that have landed at the customs border of India. It can vary between 0% to 100%. BCD depends upon the HSN code of the product and the Country of Import.

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How much is import duty in Singapore?

All goods brought into Singapore are subject to Goods and Services Tax (GST) at the prevailing rate of 7% on the value of goods, which may include the cost, insurance and freight (CIF) plus other chargeable costs and the duty payable (if applicable).

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