Voluntary Goods & Services Tax (GST) registration is allowed if: Your annual turnover is not more than $1 million; You only supply goods
Frequently Asked Questions : Taxation & Accounting
Is a Singapore Branch Office eligible for tax incentives?
A Singapore Branch Office is considered a non-resident company for tax purposes. Hence, it is not eligible for tax incentives. This is why most
Is there any limit or quota on the number of Employment Pass (EP) applications a Company can make?
The Employment Pass (EP) does not fall under any quota system nor is there a monthly levy charge for EP. The Ministry of Manpower (MOM) will review
If my company does not qualify for full tax exemption, is there any other tax exemption we can get?
Companies that do not meet the qualifying conditions for SUTE would still be eligible for partial tax exemption. Partial tax exemption is given to
I am engaged by a foreign consulting firm to render my services in Singapore. Will my consultation fees be taxed in Singapore if the fees are paid to me outside Singapore?
Yes. You are liable to pay Singapore tax for the professional services rendered in Singapore. It does not matter where you are paid.
If I am liable to register for Goods & Services Tax (GST), can I choose the date that I want to commence registration?
Once you are liable to register, you are required to inform the Comptroller for Goods & Services Tax (GST) within 30 days from the date your
I am invited by a government body/Ministry in Singapore to conduct seminars/workshops in Singapore. Is my income taxable?
You will be taxed on the income derived from Singapore unless it is exempted from tax.
Can I charge GST if I am unable to submit the Form GST F1 on time?
You can only start charging Goods and Services Tax (GST) after you have submitted your Form GST F1 (Application for Goods and Services Tax
Is personal overseas income taxable?
Under the normal scenario, personal overseas income received in Singapore is not taxable. This includes overseas income paid into a Singapore bank
If I should pass on, can I make a Nomination for someone to be a beneficiary of my Central Provident Fund (CPF) savings?
Your Central Provident Fund (CPF) nomination allows you to specify who to receive your CPF savings, and how much each nominee should receive, when you
If I fail to register and did not collect any Goods & Services Tax (GST) from my customers, will my GST registration still be backdated?
Yes. You will be required to account for and pay the Goods & Services Tax (GST) on all your taxable supplies made from the date that you should be
Is there a maximum cap on Central Provident Fund (CPF)?
Maximum amount of Central Provident Fund (CPF) payable is based on a monthly salary ceiling of $5,000 for OW. Maximum amount of AW on which CPF is
