In Singapore, businesses with an annual taxable turnover exceeding S$1 million are required to register for Goods and Services Tax (GST) under the company GST registration Singapore rules. GST is a value-added tax applied to most goods and services, and once registered, your company can reclaim the GST paid on business expenses.

The process for company GST registration Singapore is relatively straightforward, but it’s essential to understand the requirements and steps involved to ensure compliance. First, confirm if your business meets the mandatory registration threshold of S$1 million in annual taxable turnover. Even if your turnover is below this, you may still opt for voluntary registration if you wish to claim GST credits.

To complete the registration, businesses must submit an application to the Inland Revenue Authority of Singapore (IRAS) either online through the IRAS portal or via a tax agent. You will need to provide key information such as your company details, financial statements, and taxable turnover.

After your company is registered, it will be required to file regular GST returns and maintain compliance with tax regulations.

If you need assistance with company GST registration Singapore, WZ WU PARTNERS offers expert services to help you navigate the process and ensure timely, accurate registration. Contact us today for support!