Understanding the GST filing process is an important aspect of being a GST registered business. With that said, the whole process can be complicated, especially for first time registrators. Here’s everything you need to know about GST filing in Singapore: Who Must File for GST…
Summary of How To Register For GST (Optional) Complete the IRAS e-Learning Course Learn the basics of GST, filing returns, and compliance requirements. Submit Your Application Apply online via myTax Portal with supporting documents.Alternatively, submit Form GST F1 and documents to IRAS at 55 Newton…
Proforma invoices are a common part of business transactions, but they often lead to confusion—especially when it comes to GST. Many assume that if a document mentions prices, GST must apply. But that is not always how it works. So, is GST applicable on a…
If you have ever wondered, ‘Is VAT and GST the same?’ you are not alone. Many business owners are caught off guard by the subtle yet important differences. In this blog, we will explore and explain the key distinctions between these two taxes. Why Where…
Planning to run your own business? Not sure which necessities require GST input? In Singapore, GST registration is necessary for companies with a taxable turnover exceeding $1million. Nonetheless, businesses can also apply for voluntary GST registration without meeting the threshold. This will allow your company to claim input…
Most Singaporeans are familiar with the term GST (Goods and Services Tax). GST is a consumption based tax levied on the supply of goods, services and the import of goods. As a business owner, it is important to know what GST is and how…
Are you a business owner in Singapore? If yes, then this is a topic that you should understand. Being well informed about GST output tax is important. Why? Because it directly impacts how you manage your sales and the tax you need to pay. But…
In Singapore’s lively business scene, corporate accounting services are vital for local businesses. From ensuring legal compliance to maximising financial strategies and providing financial insights, these services play a crucial role in financial management. If you are looking for an accounting firm to handle…
Unlock the essentials of GST in Singapore! Discover the ins and outs of compulsory registration in this insightful article. Stay compliant and informed.
Unlock the essentials of GST in Singapore! Discover the ins and outs of compulsory registration in this insightful article. Stay compliant and informed.
