GST (Good Service Tax) Guide

Planning to incorporate your business in Singapore?

Ivan-McAdam-OConnell

GST in Singapore: What every business should know.

Download The Free

Download The Free

GST Guide For Singapore Business 

 



    Ivan McAdam O'Connell

    Who Is This GST Guide for?

    .

    Business Owners

    Startups, SMEs, and freelancers are trying to understand how GST impacts pricing, billing, and compliance.

     Who manage day-to-day GST filings and need a quick reference.

    Looking to register for GST or understand if they’re even required to.

    Who deal with multi-state transactions and need clarity on GST obligations.

    Incorporation Checklist

    What's Inside the Guide & Why You Should Download It:

    What's Inside the Guide & Why You Should Download It ?

    Navigating GST in Singapore can feel overwhelming, but it doesn’t have to be. This guide breaks it down in a simple, action-focused way so you can stay compliant and focus on running your business.

    Clear, Jargon-Free Explanations – Understand who needs to register, what to charge, and how to file—without the legal lingo.

    Practical Tips & Checklists – From invoicing correctly to claiming input tax, we’ve included tools you can actually use.

    Save Time & Avoid Mistakes

    Stay Ahead of Penalties – Know your deadlines, avoid fines, and keep your records in order with confidence.

    Whether you’re just hitting the S$1 million mark or planning for growth, this guide helps you get GST right from Day 1.

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    Frequently Asked Questions

    How do you calculate GST on goods and services tax?

    GST is calculated as a percentage of the selling price of goods or services.

    Formula:

    GST Amount = Selling Price × GST Rate

    Total Price = Selling Price + GST Amount

    For example, if a product costs SGD 100 and the GST rate is 9%, the GST amount is SGD 9, making the total price SGD 109.

    A business must register for GST if:

    • Its taxable turnover exceeds SGD 1 million in the past 12 months, or

    • It is expected to exceed SGD 1 million in the next 12 months.Voluntary registration is also allowed for businesses below the threshold.

    As of 1 January 2024, the GST rate in Singapore is 9%.

    This rate applies to most goods and services, including imports and digital products.

    Any business entity—such as a sole proprietorship, partnership, company, or overseas provider—making taxable supplies in Singapore and meeting the turnover condition is eligible (and in some cases, required) to register for GST.

    GST applies to:

    • Most goods and services sold in Singapore

    • Imported goods

    • Overseas digital and low-value goods purchased online

    GST does not apply to:

    • Residential property sales

    • Most financial services

    • Exported goods

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