GST Registration and De-registration

Mandatory and Voluntary GST Registration in Singapore

Goods and Services Tax or GST Registration

GST registration is automatically triggered when your business revenue exceeds SGD1 million. This means that it is mandatory for your business to register for GST when it reaches this revenue threshold.

GST Registration Singapore

Retrospective GST Registration Requirement

A business has the obligation to register for GST when its revenue for the current quarter (i.e. 3 months) ending March, June, September and December plus the past 3 quarters (i.e. last 9 months prior to the beginning of these 3 months) exceeds SGD1 million. This is the retrospective method for GST Registration.

Prospective GST Registration Requirement

If the business expects to generate a revenue exceeding SGD1 million in the next 12 months as a result of a contract or an agreement or commitment to project or work which would generate such income, the business has the obligation to register for GST.

GST Mandatory Registration

Exceptions to GST Registration

If the business revenue exceeded SGD1 million in the past and the spike in revenue was due to a one-off sale that is unlikely to occur again in the future, the business may apply to IRAS and request for a waiver to register for GST.

If the business revenue is mainly generated from exports of goods or providing international services, the business may also apply to IRAS for exemption from GST registration (subject to IRAS approval).

Voluntary GST Registration

You may register for GST voluntarily (i.e. your revenue or expected revenue is less than SGD1 million) if:

  • You are operating or carrying on a business;
  • You are making taxable supplies or will make taxable supplies for the business; and
  • You have completed the e-learning courses.

Once your GST voluntary registration is approved, you must remain registered for at least
two years.

voluntary gst registration

GST Registration for Sole Proprietorship

A Sole Proprietor or owner may have several Sole Proprietorship Businesses. He or she must NOT see each Sole Proprietorship as a separate entity. The Sole Proprietor’s revenue of all his or her Sole Proprietorship Businesses must be aggregated to determine if the total revenue exceeds SGD1 million. If the total revenue of all Sole Proprietorship Businesses under the retrospective requirement (mentioned above) exceeds SGD1 million, the Sole Proprietor has the obligation to register for GST and all his Sole Proprietorship Businesses must collect GST on the effective date given by IRAS.

GST Registration for Partnership

The obligation of a Partnership to register for GST is slightly different from Sole Proprietorship. First you have to determine which Partnership Businesses have the same composition of Partners. Then, the revenue of the Partnership Businesses with the same composition of Partners has to be added up to determine if they have GST registration obligation under the retrospective requirement mentioned above. For example, if Partnership Business A and Partnership Business B has the same composition of Partners (say, Mr. X, Y and Z) and Partnership Business C has another composition of Partners (say, Mr. X, Y, P), the revenue of Partnership Businesses A and B will have to be added up to determine if these 2 Partnership Businesses have GST registration obligation under the retrospective requirement mentioned above. The GST registration obligation of Partnership Business C will be separately determined. The same logic applies to prospective method of GST registration.

As GST is transactional based, it is important that your accounting system is properly set up and entered to capture all the GST input and output tax for GST tax return filing.

Before GST can be implemented, you should ensure that your accounting software is designed to capture the relevant GST when invoices are issued.

We aim to assist our client from beginning to the end. As such, for Company registration, we would be pleased to help you with the registration and the maintenance of records with ACRA.

Funding Business

Business Funding is a critical aspect of any Company. With funds or cash, the Company's short term operation will be affected. Let us see how we can help your business to survive and grow better in this competitive environment.

business funding

If GST Audit by IRAS is an event you would like to avoid, engage our Accredited Tax Advisor and Practitioner to perform the Assisted Self-Help Kit or ASK review. With this review, you can disclose the GST errors voluntarily to IRAS.

Contact our Tax Specialists for GST Registration

tax specialist for GST registration