Assurance Box

Act/Rule/Legislation

Online Link to Act/Rule/Legislation

http://statutes.agc.gov.sg/aol/search/display/view.w3p;page=0;query=CompId%3Ac3c00511-3c08-4f51-89be-eabc6e913d1d%20ValidTime%3A20150722000000%20TransactionTime%3A20150722000000;rec=0;resUrl=http%3A%2F%2Fstatutes.agc.gov.sg%2Faol%2Fbrowse%2FtitleResults.w3p%3Bletter%3DS%3BpNum%3D1%3Btype%3DactsCur

Initial Setup or Ongoing Maintenance

Ongoing compliance requirement

Filing and Maintenance Requirements

Goods and Services Tax or GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. In other countries, GST is known as the Value-Added Tax or VAT. GST exemptions apply to the provision of most financial services, the sale and lease of residential properties, and the importation and local supply of precious metals. To understand if GST registration applies to you please visit: https://www.iras.gov.sg/IRASHome/GST/Non-GST-registered-businesses/Registering-for-GST/Do-I-Need-to-Register-for-GST/

Penalty

Application Guidelines / Responsible Persons / Comments

For detailed application guidelines and details about the registration process please visit: https://www.iras.gov.sg/IRASHome/GST/Non-GST-registered-businesses/Registering-for-GST/Applying-for-GST-Registration/