Transform your warehouse into a licensed warehouse for storing dutiable goods. In licensed warehouses, duty and Goods and Services Tax (GST) are suspended until the goods are released for sale into Singapore.

For who?

• Businesses that manufacture, store, trade in and/or sell dutiable goods.

For what?

• To help businesses improve their cash flow by suspending duty and GST in licensed warehouses.
  
  
• Businesses can store their dutiable goods in licensed warehouses until they are removed for sale, export, re-export or transhipment.

How does it work?

• You must obtain a licence from Singapore Customs to turn your ordinary warehouse into a licensed warehouse.
  
  
• You need pay an annual fee for the licence.
  
  
• For petroleum products, the annual fee is fixed at S$40,000 for both new and existing licensees.
  
  
• For non-petroleum products, the fee you pay is determined by whether you are a:
  
  New Licensee
  
  
  • Fee calculated on the projected potential duty of the maximum storage capacity of your licensed warehouse.
  
  
  Existing Licensee
  
  
  • Fee calculated based on the average monthly duty paid previously.
    
    
    

    Projected Potential Duty/Average Past Monthly Duty	Fee
    S$1 million or less	S$2,500
    More than S$1 million but less than S$10 million	S$4,000
    S$10 million or more	S$21,000

Things to note

• You cannot store petroleum products and/or motor vehicles together with other dutiable goods in the same licensed warehouse.
  
  
• Licensees must comply with certain responsibilities such as ensuring appropriate security at the premises.

  See:	Full list of responsibilities.

• Customs may conduct periodic audits, including complete checks on the physical stocks stored in the licensed premises.
  
  
• A Bank Guarantee or Insurance Bond must be lodged as security.

For more info

Licensed Warehouse Scheme (LWS)
Singapore Customs