Goods and Services Tax (GST)

GST is a consumption tax levied on the import of goods (collected by Singapore Customs) as well as nearly all supplies of goods and services in Singapore. The only exemptions are for the sale and lease of residential properties, the importation and local supply of investment precious metals and the provision of most financial services. Export of goods and international services are zero-rated. The current GST rate is 7%. In some countries, GST is known as the Value Added Tax (VAT).

Since GST is a broad-based consumption tax, its complexities will vary between different types of businesses. Our GST service teams will ensure that our client's business is updated with the latest GST compliance requirements thus mitigating the risk of non-compliance and resulting in overall tax savings by avoiding unnecessary penalties and composition costs.

Our services include:

  • Application for GST registration/de-registration
  • Prepare and e-filing of GST returns
  • Conducting Assisted Self-help Kit (ASK) review
  • Assisting clients in responding to queries raised by the IRAS
  • Making voluntary disclosure of errors to the IRAS to mitigate penalty exposures

Do contact us for an obligation-free discussion on any of your taxation needs.