When you are required to charge GST at a rate of 9% on supplies made on or after 1 Jan 2024, it is important to include this 9% GST in your GST return, regardless of whether you have already received the payment from your customers. In cases where you have only collected GST at a ...
SingPost to Adjust Postage Rates to Meet 2023 and 2024 GST Increases and Exceptional Cost Increases Read More 08 Dec 2022 SingPost commemorates opening of the Children’s Museum Singapore with stamp issue Read More 15 Nov 2022 Commemorative stamps to mark 50th anniversary of Singapore-Bangladesh ...
1. Assist to complete and submit GST registration (GST F1 forms) 2. Assess and assist in the application for exemption for GST registration (GST F2 forms) 3. Advise proper documentation and best practice to comply with the GST Act
the provision of certain services, for example, the provision of guarantee services, may be subject to Goods and Services Tax (GST) in Singapore if the provider of the service is registered for GST purposes pursuant to s9(1) read with the first schedule of the Singapore Goods and Services T...
1. Goods and Services Tax (GST) In February 2022, the Singapore government announced that the GST rate will be raised from 7% to 9% by 2024. This will occur in two stages, with a one-percentage point increase each time on 1 January 2023 and 1 January 2024. Both domestic purchases a...
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 properties and most ...
However, please be aware of additional charges, such as GST and service charges. For example, I used the room's phone to call a local number and was pleasantly surprised to find the charge was minimal when I received my overall bill upon checkout. It is important to note that stays ...
Singapore also offers various benefits from a taxation point of view, and one of the most important is that there is no capital gains tax or sales tax levied on this type of income. When it comes to the GST, such services are usually levied at 7%, however, the use of virtual coins fo...
However, please be aware of additional charges, such as GST and service charges. For example, I used the room's phone to call a local number and was pleasantly surprised to find the charge was minimal when I received my overall bill upon checkout. It is important to note that stays ...
a global framework that aims to ensure a fairer distribution of tax rights on large MNEs through a set global minimum tax (GMT) rate. Singapore has also increased the goods and services tax (GST) by one percent to eight percent for 2023, which will be increased to nine percent in 2024....