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GST is a consumption tax levied on the import of goods, as well as nearly all supplies of goods and services in Singapore. Businesses whose taxable supply exceeds or is expected to exceed S$1 million for any consecutive 12 month period are required to register for GST with IRAS.
GST-registered entities must submit quarterly GST returns. Any GST paid by a company can be claimed from the Inland Revenue Authority of Singapore (IRAS). Businesses may also voluntarily register for GST.