PEF CONSULTANCY PTE. LTD.
PROMISE . ENDURES. FOREVER.
Tel:+65 6951 7904
Mobile:+65 8112 6536
Email:joyqi@pefconsultancy.com
Good and Services Tax
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 supply of digital payment tokens, the sale and lease of residential properties, and the importation and local supply of investment precious metals. Goods that are exported and international services are zero-rated.
GST complusory registration
As a business, you must register for GST when your taxable turnover exceeds $1 million.
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