The Ultimate GST Guide
Your comprehensive guide to Goods and Services Tax compliance in Singapore.
The Ultimate Guide to Singapore GST
Goods and Services Tax (GST) is a broad-based value-added tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore.
In other jurisdictions, GST is commonly known as Value Added Tax (VAT). It is a consumption tax paid when money is spent on goods or services, including imports.
The current GST rate in Singapore is 9% (effective from 1 January 2024). All GST-registered businesses are required to charge GST at the prevailing rate on their taxable supplies of goods and services.
How GST Works
As a consumer, you pay GST on your purchases from GST-registered businesses. As a GST-registered business, you act as an agent for the Inland Revenue Authority of Singapore (IRAS) to collect GST from your customers, and then remit the collected tax to IRAS.
