Singapore GST is a tax charged on the supply of goods and services made in Singapore and on the importation of goods into Singapore. The current rate for GST is 7%.

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When is it compulsory to Register ?

Your business must be registered to collect GST if your annual turnover exceeds or is likely to exceed S$1million from the sale of taxable goods and services. This requirement may be waived if most of your goods or services are exported or supplied internationally ("zero-rated supplies").

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Can I choose to register?

You may also apply to Comptroller of GST to register GST voluntarily. Approval for voluntary registration is at the discretion of the Comptroller. Once approval is given, you must remain registered for at least two years.

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Why should I register? 

• Most business register for GST to claim back the GST incurred on their business purchases.

• When  GST paid exceeds GST collected, the difference can be claimed from IRAS as a GST refund.

• When GST rate increase, it may make business sense to voluntarily register to collect GST in order to claim back GST incurred on business purchases.

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Who can register? 

• Sole proprietorships

• Partnerships

• Limited Liability partnerships

• Companies

• Clubs, associations, management corporations or organizations

• Non-profit organisations

• Statutory boards

• Government bodies

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Need help with GST registration and filing? 

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Drop us a call and we will attend to every step of the registration throughly.

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