GST Services Singapore

Accredited by the Singapore Institute of Accredited Tax Professional (SIATP), we provide the following GST services in Singapore:

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Why Choose Our GST Services?

01.
All-in-one Solution
AG offers the ease of providing multiple services for business management, hence saving you unnecessary process time and resources.
02.
Quality
Our team of experienced accountants ensures quality GST filing services compliant with the law.
03.
Free GST Submission
When you choose to work with our bookkeeping services, we guarantee free of charge GST submission.
04.
Served By Professionals
All our accountants are highly knowledgeable about GST, allowing us to maximise your GST advantages.

Pricing

Fee
GST registration                                                     S$500
GST submission Included in our bookkeeping service
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What You Must Know About GST

GST Highlights

1) Input tax on private costs such as S-plated vehicle charges are not claimable.

2) Supplies are classified into different categories such as 0 per cent, 7 per cent, exempted, and out-of-scope supplies.

3) Singapore supplied goods and services that are exported to other countries are classified as 0 per cent taxable supplies.

4) Special GST programmes are offered to certain industries to help with business operations and cash flow. For example, the Major Export Scheme is designed to assist large exporters. In contrast, the GST Margin or Discounted Sale Price Scheme is designed for the motor trade industries.

5) If the claiming criteria are satisfied, the input tax paid before company GST registration is reclaimable.

6) The GST-registered status must be maintained for two years for voluntary GST registrations.

GST Regime in Singapore

GST is a consumption tax applied to all services and goods in Singapore.

Known as the Value-Added Tax (VAT) in some countries, the current GST rate in Singapore is 7 per cent.

GST Registration

Registering for GST is categorised into compulsory and voluntary registration.

Compulsory: A business must apply for GST registration when the taxable turnover for the past or following year hits more than $1,000,000.

Voluntary: A business may still acquire GST filing services, though subject to IRAS’s approval, even if they do not have a taxable turnover of $1,000,000 for the past or following year.

GST-registered Business

All businesses that are GST-registered must charge the 7 per cent GST on taxable goods and services and can claim input tax if the claiming requirements are met. Input tax of personal expenses is not included.

GST Submission

All businesses that are GST-registered must file their GST to IRAS a month after the end of each defined accounting period. This is usually conducted once every four months.

Find It Too Complex?
Speak to our GST advisors.

Q&A

You are not allowed to claim if you are not GST registered. You need to absorb the input GST as your cost.

It is a serious offence, you are required to notify IRAS about this immediately in writing. Or you can appoint us to be your representative to liaise with IRAS to resolve this.

You are required to accounts for output tax at the earlier of when you issue invoice OR you receive payment.

As an administrative concession, you are allowed to adjust for the errors in your next GST F5 if you meet certain criteria. Otherwise, you can file GST F7 to correct the errors.

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