Broadly, you are liable for GST registration if the value of your taxable turnover at the end of the calendar quarter is more than S$1 million or if you can reasonably expect your taxable turnover in the next 12 months to be more than S$1 million. However, even if you are not liable to be GST registered on a compulsory basis, you may still register to register for GST on a voluntary basis, subject to certain conditions. Otherwise, there may also be avenues for companies to be exempted from GST registration such as if you make more than 90% zero-rated supplies. We can advise you on the whether your company is liable to be GST registered as well as the implications or benefits from being GST registered.
Lead by Accredited Tax Practitioner registered with Singapore Institute of Accredited Tax Practitioners, our tax consultants are equipped with the experience and knowledge to manage your Singapore company tax filing obligations. In the face of constantly evolving tax legislation, we can help manage your tax and reporting obligations, while also taking advantage of the tax schemes and allowances that are available to you and your business (within the existing tax regulations and frameworks).
Our tax consultant services include:
- Corporate tax – Preparation and submission of Form C and tax computation
- GST – Registration, de-registration and filing of quarterly tax returns
- Individual tax (Individual/Sole Proprietor/Partnership)
- Withholding tax
- Tax planning
- Resolving tax issues from IRAS
For more information about our tax services in Singapore, please feel free to contact us.