You need to assess if your company turnover in any past 12 months or the next 12 months is more than S$1 million. If it is, you need to register
Frequently Asked Questions : Singapore GST
Goods and Services Tax (GST) is a tax on the supply of goods and services made in Singapore by a taxable person in the course or furtherance of any
A Taxable Supply is a supply of goods and services made in Singapore other than an exempt supply. Goods & Services Tax (GST) is chargeable on a
If you are late in registering for Goods & Services Tax (GST), you will be guilty of an offence and be liable on conviction to a fine up to
Incorporated companies are separate legal entities. The registration liability of an incorporated company will be determined on its own. It is
“Taxable Turnover” is the total value of all taxable supplies made in Singapore (excluding Goods & Services Tax (GST)) in the course of
Goods & Services Tax (GST) is a self-assessed tax. This means that businesses are required to continually assess the need to register for GST.
There are two broad categories of exempt supply. They include the sale and lease of residential properties and financial services specified in
An Out-of-Scope Supply is a supply which is not made in Singapore (for example, sale of goods from China to India where the goods do not enter
There is no tax in Singapore on Capital Gain.
Voluntary Goods & Services Tax (GST) registration is allowed if: Your annual turnover is not more than $1 million; You only supply goods
You can only start charging Goods and Services Tax (GST) after you have submitted your Form GST F1 (Application for Goods and Services Tax