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
Frequently Asked Questions : Taxation & Accounting
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.
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.
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
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 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
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
How do I check my Central Provident Fund (CPF) Statement of Account?
You can check your Central Provident Fund (CPF) Statement any time by logging in to the CPF website with your SingPass. With My Statement, you can get
How to declare the personal income earned overseas?
Overseas taxable income is reported as “Employment Income” or “Other Income” when you file your personal annual tax returns. If it is not taxable, you
Does Singapore have any value added tax or Goods & Services Tax (GST)?
The Goods & Services Tax (GST) rate in Singapore is 9% (w.e.f. 1st January 2024).
How are fringe benefits taxed?
Employer-provided fringe benefits are taxed in the employee's hands. As a number of benefits are taxed on a concessionary basis in Singapore, it is