The Health Sciences Authority (HSA) of Singapore announced regulatory fees revision pertaining to health products including medical devices, to be effective on 1 July 2024. The HSA continues to absorb the 1% Goods and Services Tax (GST) increment which was implemented on 1 Jan 2023 and 1 Jan 2024, until further notice. The fee increase averages 5% and will be capped at $200. The last fee revision happened 2 years ago.
With this announcement, medical device providers are advised to consider new fees for new medical device applications, annual retention, dealer’s license renewal, and pre-market consultation with the HSA in Singapore.
Further information on the announcement can be accessed here.
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