Taxation Services

Corporate Tax

Our services as at glance:

Tax legislation and the implications for businesses are becoming increasingly complex. Through our tax division, we provide tax advice and other related services and are particularly well placed to act for clients for whom we are also auditors.

Individual Tax

Goods and Services Tax

GST is now the second largest contributor to amount of taxes collected by IRAS at S$11.1 billion in FY2016/17 (up from S$10.3 billion in FY2015/16). As a steadily growing source of revenue, it is imperative businesses ensure they have a keen grasp over their GST affairs.

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Our services as at glance:

Who do we provide GST services for?

FREQUENTLY ASKED QUESTIONS:

Do I need to register for GST?

Broadly, you are liable for GST registration if the value of your taxable turnover at the end of the calendar quarter is more than S$1 million or if you can reasonably expect your taxable turnover in the next 12 months to be more than S$1 million.

However, even if you are not liable to be GST registered on a compulsory basis, you may still register to register for GST on a voluntary basis, subject to certain conditions.

Otherwise, there may also be avenues for companies to be exempted from GST registration such as if you make more than 90% zero-rated supplies.

We can advise you on the whether your company is liable to be GST registered as well as the implications or benefits from being GST registered.

How do I determine what can be zero-rated?

Generally, all supplies of goods and services made in Singapore are subject to GST at the prevailing rate of 7% unless they qualify for zero-rating under the GST Act. The applicability for zero-rating on goods depends on whether there is an exportation of goods from Singapore to a place outside Singapore and whether you have maintained sufficient export documentation as evidence that the said goods have been exported.

For services, you need to determine the nature of the services and whether they qualify as international services under Section 21(3) of the GST Act. There are a total of 25 provisions under Section 21(3) and the different conditions for each one might make it difficult to determine whether the services provided can qualify for zero-rating.

We can advise you on your company’s specific business transactions and determine whether they can qualify for zero-rating.

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Contact us for more details. We would love to hear from you! Get in touch with one of our professional consultants now using the online form below or calling +65 6224 1076.