A trade-in transaction is generally not treated as a single supply for GST purposes. Instead, there are typically two separate supplies involved in the transaction.
In connection with a health risk or requirement arising from the nature of the work or work environment.
Required under any written law or Government advisory in Singapore.
Voluntary GST registration allows businesses that do not meet the compulsory GST registration threshold to register for GST with IRAS.
IRAS conducted 2,224 GST audit cases in its last financial year.
The deemed supply rule may apply when gifts are given away by a business.
The current standard GST rate in Singapore is 9%.The GST rate in Singapore was originally 3% when GST was first introduced on 1 April 1994.
GST group registration allows supplies made between companies under the GST group to be disgarded.
GST group registration allows supplies made between companies under the GST group to be disgarded.
GST group registration allows supplies made between companies under the GST group to be disgarded.
Businesses in Singapore may apply for voluntary GST registration even if their taxable turnover does not exceed the compulsory GST registration threshold of S$1 million.