Rikvin Handles GST Singapore Application and Consultancy Services
GST is also known as Value Added Tax (VAT) in many other countries, Goods and Services Tax (GST) is a
consumption tax that is levied on the supply of goods and services in Singapore and the...
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Rikvin Handles GST Singapore Application and Consultancy Services
GST is also known as Value Added Tax (VAT) in many other countries, Goods and Services Tax (GST) is a
consumption tax that is levied on the supply of goods and services in Singapore and the import of goods into
Singapore.
GST is an indirect tax, expressed as a percentage (currently 7%) applied to the selling price of goods and
services provided by GST registered business entities in Singapore.
GST tax is charged to the end consumer therefore GST normally does not become a cost to the company.
Businesses merely act as collecting agents on behalf of Singapore tax department.
An indirect tax imposed upon the goods and services available and imported into Singapore is the Goods and
Services Tax or GST.
GST registration is mandatory upon companies and businesses with a turnover amounting more than S$1 million in
the previous 12 months or if there is a valid ground to suppose that the turnover in the next 12 months shall
Less
