GST Registration for Companies in Singapore

You’ll have to register your company for GST when your company’s revenue and taxable income exceeds S$1M in revenue for the past 12 months. Even before your company hits this amount, you may want to voluntarily register for GST.

Here are some reasons why. You can voluntarily register your company for GST registration number. It makes your company look established. There is a psychological effect on clients and customers as they will think your company is of a certain size and generates a sizable revenue.

Another benefit of registering for GST is that you can claim the GST that you paid to your suppliers. When you are a GST-registered business, the GST you pay to other companies is called input tax. This tax can be claimed from IRAS.

• Companies that have reached S$1M in annual revenue.
• Companies that can forecast reaching S$1M in annual revenue soon.
• Companies that buy in Singapore a lot and sell mostly overseas, as they might benefit from claiming back more GST they paid.

It is compulsory for your company to register for GST if your total taxable turnover meets either of the following conditions:

• According to the retrospective view, more than $1 million was earned at the end of the calendar year. If your taxable turnover at the end of the calendar year is more than $1 million, you must register for GST by 30 Jan. You will be registered for GST on 1 Mar.
• According to the retrospective view, more than $1 million was earned at the end of the calendar year. If your taxable turnover at the end of the calendar year is more than $1 million, you must register for GST by 30 Jan. You will be registered for GST on 1 Mar.
• Companies that buy in Singapore a lot and sell mostly overseas, as they might benefit from claiming back more GST they paid.

According to the perspective view, more than $1 million is anticipated in the next 12 months. You must register for GST within 30 days of forecasting your taxable turnover to be more than $1 million in the next 12 months, and you will be registered on or before the 31st day following your forecasting date.

Taxable turnover includes local sales of goods and services, export sales, and provision of international services.

It is entirely possible for you to voluntarily register after carefully considering whether you are subject to GST registration.

The registration itself takes 10 working days from submitting the GST application form to getting the GST number. But preparing all the paperwork necessary to apply may take time. The list of required documents is extensive, and you even have to attach proof that you’ve completed an IRAS educational course on GST.

Keep in mind that once your company has it the S$1M annual revenue mark, you have 30 days to register for GST. We advise you to plan ahead and file for voluntary registration a bit earlier.

In Singapore you can check a company’s GST registration number online. Go to the Inland Revenue Authority in Singapore (IRAS) website and type in the company’s details. You can check one company using its name or up to 4 companies that you have UEN number, GST registration number, or NRIC.

Absolutely. We make the transition seamless on your end. We’ll get in touch directly with your current accounting service provider, take over all your financial documents, and audit them to make sure your company is compliant. We check for any loose ends with HMRC, organise historical data, and then prepare and file necessary reports. We offer up ongoing advice about relevant tax exemptions, helping you be smarter with your taxes. Now that your accounting is in good hands, you can focus on what you do best: running your business.

Our pricing is revenue based. We don’t charge on the number of transactions in your account or the number of invoices you upload. All prices are based on the financial year, not the calendar one.