Income Tax and GST Treatment of BCRS Deposits: What Singapore Beverage Manufacturers, Importers and F&B Retailers Must Know
From 1 April 2026, every beverage manufacturer, importer, supermarket and F&B outlet selling regulated bottled or canned drinks in Singapore has had to grapple with a new 10-cent line item: the Beverage Container Return Scheme (BCRS) deposit. The National Environment Agency (NEA) designed the scheme to lift Singapore's recycling rate and reduce packaging waste, but [...]