3 Common GST Challenges for Small Businesses in Singapore (and How to Overcome Them) Singapore’s GST (Goods and Services Tax) system is central to running a compliant business — but for many small enterprises, it can be a source of confusion and costly mistakes. Below we unpack three of the most frequent GST headaches and … Read more
What Happens If You Forget to File Your GST Returns, Miss a Payment or Make an Error in Singapore? Running a business means juggling many deadlines — and your Goods and Services Tax (GST) obligations are some of the most critical. In Singapore, the Inland Revenue Authority of Singapore (IRAS) expects all GST-registered businesses to … Read more
Do You Need to Register for GST in Singapore in 2026? A Practical Guide for Business Owners Understanding when and how to register for Goods and Services Tax (GST) in Singapore is crucial for business compliance — especially as the country’s GST framework continues to evolve. Whether you’re a startup founder, SME owner, or an … Read more
Is Voluntary GST Registration Right for Your Business? In Singapore, the Goods and Services Tax (GST) is a value-added tax that businesses collect on behalf of the government. While it is mandatory for businesses with annual taxable supplies exceeding SGD 1 million, many businesses consider voluntary GST registration even if they are not legally required … Read more
Filing GST in Singapore with Xero: A Complete Guide Goods and Services Tax (GST) can be one of the more challenging administrative burdens for Singaporean SMEs. However, using Xero accounting software makes GST management significantly more efficient, accurate, and less stressful. In this guide, we walk through how Xero supports GST compliance, how to set … Read more
GST Registration and e-Invoicing in Singapore: Key Updates and Compliance Guide Singapore’s Goods and Services Tax (GST) system is an essential part of its tax framework. As part of its continuous effort to modernize and improve tax collection, the Singaporean government has introduced key changes to GST registration requirements and eInvoicing regulations. For businesses, ensuring … Read more
Fast and Expert GST Registration Services in Singapore Why Register for GST? Goods and Services Tax (GST) is a value-added consumption tax in Singapore, currently set at 9%. You are required to register for GST if: Your business’s annual taxable turnover exceeds S$1 million, or You reasonably expect your turnover to surpass that amount within the … Read more
What Does It Mean to Deregister for GST? In Singapore, businesses that are registered under the goods and services tax (GST) regime with the Inland Revenue Authority of Singapore (IRAS) may sometimes choose – or be required – to cancel their GST registration. Deregistering for GST means the business will no longer charge GST on … Read more
Common Business Valuation Mistakes You Should Avoid Valuing a business is more than just crunching numbers – especially in a vibrant market like Singapore. A proper valuation informs strategic decisions, supports investment and M&A activity, and guides future planning. Yet many organisations stumble by overlooking key factors. Here are common valuation mis-steps—and how you can … Read more
What is the Import GST Deferment Scheme (IGDS)? The Import GST Deferment Scheme (IGDS) was introduced in Singapore in the 2010 Budget to help GST-registered importers manage cash-flow pressure. Under IGDS, importers are permitted to defer the payment of import GST from the moment of importation until the filing of their GST return. This essentially … Read more