FEES $250 quarterly
Singapore customs collect the broad-based consumption tax in GST (goods and services tax) on imported goods and the supply of goods and services in Singapore. GST is charged at the prevailing rate of 8% by GST-registered businesses (this will change to 9% as of 1 January 2024).
It is compulsory to register for GST if a business’s annual turnover is expected to exceed or has exceeded $1 million from the sales of taxable goods and services.
However, a business with a turnover of less than $1 million may register for GST voluntarily.
Our GST services include:
- GST consultation – we assess our client’s business and advise our client on the requirements and pros and cons of GST registration
- Registration of Goods & Services Tax (GST) Trader
- Preparation and submission of Goods & Services Tax (GST) returns
