GST (Goods and Services Tax)
Written in plain language for general understanding. This is educational content, not legal advice. Based on Singapore Acts of Parliament, subsidiary legislation, and official government guidance.
Singapore National Law
What is this right?
Singapore's GST is a broad-based consumption tax currently at 9% (effective 1 January 2024):
- Business registration: Businesses with taxable turnover exceeding $1 million in the past 12 months (or expected to exceed in the next 12 months) must register for GST.
- What is taxed: Most goods and services supplied in Singapore, and imported goods.
- Exempt supplies: Financial services, sale and rental of residential property, and certain investment precious metals are GST-exempt.
- Zero-rated supplies: Exports and international services are taxed at 0% — the business can still claim input GST.
- Input tax credits: GST-registered businesses can claim back input GST paid on business purchases.
When does it apply?
- You run a business in Singapore — you may need to register for GST if your turnover exceeds $1 million.
- As a consumer, you pay GST on most purchases. The price displayed must include GST (or clearly state "+ GST").
- Tourists: Can claim GST refunds on purchases under the Tourist Refund Scheme at the airport.
What should you do?
- Business owners: Monitor your turnover — register for GST before you breach the $1 million threshold.
- File GST returns quarterly via myTax Portal — due within 1 month after each quarter ends.
- Keep records for 5 years — IRAS requires full documentation of all transactions.
- Tourists: Look for shops displaying the Tax Free Shopping logo and use the eTRS self-help kiosks at the airport.
What should you NOT do?
- Don't charge GST if you are not registered — this is illegal and misleading.
- Don't claim input tax on personal expenses — only genuine business purchases qualify.
- Don't ignore GST audits — IRAS conducts regular compliance checks and can impose penalties of up to 200% of the GST undercharged.
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