GST Filing Services in Singapore - Filing of Your Goods and Services Tax (GST) for Compliance

What is GST in Singapore?

Goods and Services Tax (GST), comparable to the Value Added Tax (VAT) in many countries, is a consumption tax applied to most domestic goods and services. Singapore's GST rate is currently 9% (effective from 1 January 2024).

GST Exemptions

GST does not apply to:

• Sale and lease of residential properties
• Most financial services
• Exported goods and international services

Who Collects GST?

• Domestic Goods and Services: Suppliers registered with the Comptroller of GST collect GST.
• Imported Goods: GST is collected by Singapore Customs at the point of import.

GST Registration Requirements

• Businesses with an annual taxable turnover exceeding S$1 million are required to register for GST.
• Businesses with turnover below this threshold can voluntarily register if beneficial, subject to the Comptroller's approval.

• Voluntarily registered businesses must stay registered for a minimum of 2 years and comply with all regulatory requirements.

How GST Works

GST operates on a calendar year basis. From 2019, businesses are only required to monitor their annual taxable turnover retrospectively at the end of the calendar year to assess GST registration liability.

Apexia Corporate Advisory's GST Services

1. GST Registration

   We manage the entire GST registration process with the Inland Revenue Authority of Singapore (IRAS), including:

   • Preparing and submitting registration applications
   • Addressing queries from IRAS on your behalf

2. GST Filing and Compliance

   Our GST filing services are tailored to your business needs and include:

   • Assessment of GST's impact on your business and customers
   • Advice on the most suitable GST filing cycle: monthly, quarterly, or biannual
   • Filing accurate GST returns to avoid compliance issues
   • Guidance on GST incentives for voluntary registration

3. GST Compliance Tools

   We utilize the GST Assisted Self-Help Kit (GST ASK), a self-assessment tool introduced by IRAS to

   • Help businesses verify the accuracy of their GST returns
   • Identify and correct errors in filings
   • Strengthen overall GST compliance

Benefits of Outsourcing GST Filing to Apexia Corporate Advisory

Expert Guidance

Our team of seasoned consultants ensures accurate filings and seamless compliance with IRAS regulations.

Customized Solutions

We provide tailored advice on registration and filing cycles that best suit your business needs.

Time-Saving Efficiency

Outsourcing to Apexia Corporate Advisory frees up your time to focus on growing your business while we handle GST compliance.

Why Choose Apexia Corporate Advisory?

At Apexia Corporate Advisory, we pride ourselves on offering comprehensive and reliable GST solutions that:

• Simplify the registration and filing process
• Ensure compliance with regulatory requirements
• Optimize your business's tax position

Contact Apexia Corporate Advisory Today. Ready to simplify your GST compliance? Partner with Apexia Corporate Advisory for expert GST registration and filing services. Get in Touch now to learn how we can help your business navigate Singapore's GST landscape efficiently!