GST Services

Fu Tai is one of the most competent tax practitioners taking care of GST compliance. Our GST compliance is as per the regulations of the Singapore Goods and Services Tax Act. Our GST services in Singapore include GST registration, GST return report compilation, Filing of GST return, reconciliation of GST and accounting records, reviewing GST, ASK, GST deregister and assist in IRAS GST investigation audit.

We allow our clients to leverage our expertise of Goods and Tax services which is made compulsory not just in Singapore, but all over the world as well. It’s like a renewed version of Value Added Tax.

Our tax experts at Fu Tai has absolute know-how of GST along with its appropriate treatment procedure.

INFROMATION ON SINGAPORE GST

• Singapore GST Regime: GST prevailing rate in Singapore is 9%.
• GST Registration: GST registration can be grouped into compulsory registration and voluntary registration.
• Compulsory. A business must register for GST when:
• Your taxable turnover for the past 12 months is more than $1 million; or
  You can reasonably expect your taxable turnover in the next 12 months to be more than S$1 million.
• Voluntary: Even without S$ 1 million, a business can still register for GST subject to approval by IRAS.
• GST Submission: GST-registered business must submit GST to IRAS one month after the end of each prescribed accounting period. This is usually done on a quarterly basis.

Price starts from SGD200, for detailed scope of work, feel free contact us now!