Due to rounding, the total GST may differ depending on the method you choose. All methods are acceptable and should be used consistently. In Singapore, when do you need to register for GST? A business must register for GST when its taxable turnover exceeds S$1 million. You may still choo...
GST is a tax levied by the Government of Singapore on the import of the goods into Singapore. The GST Tax in Singapore is an indirect tax similar to the Value Added Tax or VAT in other countries. The main reason corporate businesses go for GST Registration in Singapore is to lower the o...
Whether the overseas supplier is GST registered or not,businesses in Singapore will need to perform reverse charge on all low-value goods imported into the country from the vendor. This means they will need to account for GST on these goods as if they were the supplier and claim GST as the...
What is GST? Goods and Service Tax (GST), similar to the Value Added Tax (VAT) in many countries, is a consumption tax on most domestic goods and services. Singapore’s GST is currently at 9% (w.e.f. 1st January 2024). GST is exempted for the sale and lease of residential propert...
Register for the Goods and Services Tax (GST) if your annual turnover exceeds the SGD$1 million threshold. If you’re hiring employees, register with the Central Provident Fund (CFP). Hold an Annual General Meeting (AGM) within 6 months of your financial year-end. File your annual re...
Apply for New GST Registration Online in a Day with Expert Assistance. We help you in opening a business current bank account, provide GST Billing software, pay GST taxes, and GST Returns filing. We will send you GST updates and due date reminders on a regular basis. ...
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Only businesses in Singapore that have yearly revenues of more than S$1 million are obliged to register for GST. When a firm’s taxable revenue during the previous year exceeded S$1 million or when it anticipated exceeding S$1 million in taxable revenue in the following twelve months, it is...
Register for GST and complete filings in 48 hours—quick, easy, and mandatory for businesses and individual sellers. Learn about GST benefits and eligibility now!
GST Registration You can register for Goods and Services Tax (GST) with the Inland Revenue Authority of Singapore (IRAS). In most cases, registering for GST is compulsory if the turnover of an entity exceeds $1 million for a continuous period of 12 months OR when the person operating the ...