Disclosed are a method for transmitting and receiving a synchronization signal in a wireless communication system supporting NarrowBand-Internet of Things (NB-IoT) and an apparatus therefor. Specifically, the method for transmitting and receiving a synchronization signal may include: receiving, from a base station, a narrowband synchronization signal; and performing a cell search procedure for the base station based on the narrowband synchronization signal, in which the narrowband synchronization signal may include a narrowband primary synchronization signal and a narrowband secondary synchronization signal, the narrowband primary synchronization signal and the narrowband secondary synchronization signal may be transmitted in different subframe, and the subframe in which the narrowband secondary synchronization signal is transmitted may be configured differently according to a type of a radio frame structure.