GST:AGuideonExports (EleventhEdition) IRASe-TaxGuide Publishedby InlandRevenueAuthorityofSingapore Publishedon01Apr2013 FirstEdition:01Aug1994 SecondEdition:16Sep1996 ThirdEdition:24Mar1999 FourthEdition:10Jul2004 FifthEdition:19Sep2005 SixthEdition:16Mar2009 ...
Similar to other countries,Singapore imposes taxes in the form of the Goods and Services Tax (GST)and/or duties on imports being transported into the country. However, not all goods incur tax or duty payments, so it is first important to identify if you need to pay taxes or duties....
Singapore does not impose acapital gains tax. However, IRAS may tax gains from transactions involvingreal estate, stocks, or sharesif deemed to be part of a trading activity. Therefore, the taxability of capital gains depends on the specific circumstances of the transaction. What is the personal...
On January 1 2024 the Singaporean Government increased Goods and Services Tax (GST) from 8% to 9%. Learn how it affects you. Finance · 22 Oct 2024 · 1 min read Business Tips Follow Business Tips (A new modal window will be opened) Contact Business Tips (A new window will be opened...
Depending on the industry to operate in. GST registration required upon creation No, however, voluntary registration is available. Possibility to be purchased as a shelf companyYes. Access to tax minimization tools through the Pte Ltd Yes, the PTE Ltd itself can benefit from lower corporate taxes...
GST on 50% of the selling price on the sale a second-hand / used vehicle. Entities do not need to seek prior approval from IRAS to use the scheme. Import GST Deferment Scheme (IGDS) Approved GST-registered businesses pay GST on import payments when their monthly GST re...