Did you know you can import goods into Singapore without paying import GST?
GST-registered companies may import goods into Singapore without paying import GST upfront under certain GST schemes approved by IRAS.
GST-registered companies may import goods into Singapore without paying import GST upfront under certain GST schemes approved by IRAS.
Company can claim a GST refund from the IRAS even if it did not collect GST on the sale of goods.
When faced with complex GST issues or conflicting advice, businesses require a clear, independent view before taking action. At Jed Tax, our GST consultations go beyond general discussions.
At JedTax Consulting, we provide professional IRAS GST audit support in Singapore, helping businesses navigate the audit process with confidence and ease.
Singapore is taking a major step towards digitalising tax compliance with the introduction of the GST InvoiceNow Requirement. Announced by the Inland Revenue Authority of Singapore (IRAS), this initiative will progressively require GST-registered businesses to transmit invoice data via the InvoiceNow Ready solution.
After all, corporate tax computations are complex — involving detailed adjustments, tax incentives, and deferred tax considerations — while GST returns appear straightforward: just output tax minus input tax.
In its latest annual report for the financial year ended 31 March 2025, the Inland Revenue Authority of Singapore (IRAS) shared some telling numbers. On average, IRAS recovered $71,700 per GST audit, compared to $53,900 per corporate tax audit and $23,900 per individual tax audit.
The GST Assisted Self-Help Kit (ASK) review is a self assessment compliance package developed by the Inland Revenue Authority of Singapore (“IRAS”) to review the correctness of their GST submission.
Company who has been accorded the ACAP status is required to perform a Post ACAP Review (“PAR”) and submit the GST F28 “Post ACAP review declaration” form to the IRAS.
Under Singapore’s GST regime, a non-resident entity that is liable to register for GST must appoint a local agent in Singapore, known as a Section 33(1) Agent.