GST is a form of consumption tax imposed on the import of goods, as well as nearly all supplies of goods and services in Singapore. Currently, GST is charged at 9% for standard-rated supplies. GST registration can either be a voluntary action or a compulsory requirement as provided by IRAS. In general, a business may register for GST voluntarily, if its turnover is less than $1 Million per annum. It is however compulsory for a business to register for GST when its turnover exceeds $1million per annum. Once your company is registered for GST, it is compulsory to submit your GST returns (via e-filing method) usually on a quarterly basis. For the first GST filing, a business may also be allowed to claim pre-registration Input Tax, if it satisfies a few criteria defined by IRAS.
Additional Practices
Goods & Services Tax (GST) Filing Services
For Smooth Operations
From $100
- GST form preparation
Service Benefits
- What services does Outsource offer?
We specialize in corporate secretarial services, bookkeeping, payroll services, and compliance solutions for businesses in Singapore.
- Why should I choose Outsource for my corporate secretarial and accounting needs?
Outsource is committed to delivering personalized, efficient, and cost-effective solutions. With our experienced team, we ensure compliance with regulatory requirements and provide strategic insights to help your business thrive.
- Is Outsource only for large corporations, or do you serve small businesses as well?
We cater to businesses of all sizes, from startups to established enterprises. Our services are tailored to meet the unique needs of each client.
- Can I get a customized quote for my business?
Yes, we provide personalized quotes based on the specific needs and scale of your business. Contact us for a detailed consultation.
- Are there any hidden fees in your pricing structure?
No, we believe in transparent pricing. Our quotes include all relevant fees, and we communicate openly about any additional charges that may apply.
