GST Registration and Filing Services in Singapore

Goods and Services Tax (GST) is a type of tax imposed on the import and supply of goods and services within Singapore. Any company in Singapore with an annual taxable turnover exceeding S$1 million is required to complete GST registration and file returns regularly. The current GST rate in Singapore is 7% on the value-added supply of goods and services within the region, making it similar to the Value Added Tax (VAT) system used in other countries.

Singapore company GST registration is a straightforward process when you partner with a trusted GST service provider like Bestar. Our team ensures a smooth and hassle-free process for businesses seeking reliable GST registration services in Singapore.

Since GST operates as a self-assessed tax regime, businesses are required to monitor their taxable income and ensure timely GST filing to comply with local regulations. Professional GST filing services help businesses stay compliant by managing documentation, filing accurate returns, and avoiding penalties.

If your business needs expert assistance with GST registration Singapore or professional GST filing services in Singapore, Bestar offers end-to-end support to streamline the process. Whether you’re a new business or need help with ongoing company GST registration Singapore, we’ve got you covered. Partner with Bestar today and simplify your goods and services tax registration requirements!

Company GST Registration in Singapore regulations

There are two types of GST registration in Singapore – Compulsory and Voluntary.

Compulsory GST Registration in Singapore

  • When a company’s turnover goes over S$1 million in the previous 12 months of business
  • And, they are making sales which have the reasonability to exceed S$1 million in the coming 12 months.

Voluntary GST Registration in Singapore
A company could register for GST in Singapore on a voluntary basis even if they are not currently liable for paying any taxes under the same regime.

  • If your organization is carrying out a business that is based on the supply of taxable items and goods.
  • Your taxable supplies make you an annual turnover of less than S$1 million.
  • Your organization is involved in supplying goods outside of Singapore territories
  • You are exempted from certain financial services or international services.

Basic requirements before you register for GST in Singapore

  • Your business should already be registered with ACRA
  • Your business should have a separate business bank account
  • Your business activities should be defined clearly in terms of revenues for the coming 12 months
  • All your documents must be prepared and furnished before you make your first sale

If you still cannot catch a breath over the GST regulations and documentation required, Bestar – one of a kind of GST registration Service provider in Singapore is always going to be there.

As one of the leading names among different GST registration firms in Singapore can assist you right from the beginning – from registering to final return filing. We have managed to bring pleasure to all our clients. Allow us to assist you while you venture on to be successful for years to come.

Contact us today!