Goods and Services Tax
Singapore's value-added tax (currently 9%), applied to the sale of goods and services.
Goods and Services Tax (GST) is Singapore's value-added consumption tax. As of 2024, the rate is 9%. Registration is mandatory if your taxable turnover exceeds S$1 million in any 12-month period (retrospective basis), or if you reasonably expect it to exceed that threshold. Voluntary registration is possible if you make taxable supplies but are below the threshold - useful if your customers are GST-registered businesses (so they can claim input GST). GST returns are filed quarterly (monthly for some).
An e-commerce business with S$1.2M turnover crosses the registration threshold and must register for GST within 30 days of the threshold being crossed. From the registration date, it must charge 9% GST on local sales.
Karman handles incorporation, compliance, and ongoing corporate services for Singapore companies, family offices, and VCCs.
Talk to our team →