New Registration Temporary Reference Number (TRN) I am a Select Taxpayer Tax Deductor Tax Collector (e-Commerce) GST Practitioner Non Resident Taxable Person United Nation Body Consulate or Embassy of Foreign Country Other Notified Person Non-Resident Online Services Provider If your taxable supplies exceed the threshold, GST registration is compulsory. If your application is approved, you will receive a letter of notification of your GST registration. Courses & Events. We ensure timely filing of returns along with routine follow-ups. Applying for GST Registration; Do I Need to Register for GST; Go to Non-GST Registered Businesses Section; More... Consumers. Useful Links. Registration ceases when (s 52): Taxable supplies are less than $60,000. Applying for GST registration or deregistration; Managing and responding to IRAS queries; Making voluntary disclosures of errors to the IRAS to mitigate penalty exposure; Managing IRAS audits and … You will not need to apply for cancellation in these circumstances. GST is a broad-based tax on domestic consumption, it is also known as value added tax (VAT) in other jurisdictions. A … All applications for GST registration are to be submitted online via myTax Portal. The effective date of registration is as follows: 1. GST registration is informing the Singapore government that your company will now pay Goods and Services Tax. GST Registration Procedure Penalties for Late GST Registration. If registered with ACRA, a JV is a legal entity and can be registered for GST. Liable for compulsory registration under prospective viewYou will be registered on the 31st day from the date … The e-Tax Guide explains the GST rules on registration for GST in Singapore. GST is charged to the end customer and the business selling the goods or services is responsible for charging and collecting the the tax from its customers as well as paying the tax to the IRAS, effectively, the business acts as a collection agent for IRAS. How do you determine if you are required to register for GST? If you are late in registering for Goods & Services Tax (GST), you will be guilty of an offence and be liable on conviction to a fine up to S$10,000 and to a penalty equal to 10% of the tax due in respect of each year commencing from the date on which you are required to make the notification or to apply for registration. You can refer to this sample email notification. Late Filing and Payment Matters; Update Property Ownership; e-Submission. You do not need to register for GST. Stay tuned for the upcoming features that will be rolled out in Jan 2021. Cancellation takes effect from the last day of the taxable period in which the application is processed. GST registration can be easily done on the online GST portal. As the open market value of the assets held by you at the last day of registration exceeds $10,000, you will have to account for output tax of S$78,400 on the total value of these assets (i.e. Extension of GST to . Output tax must be paid to IRAS. A company must make a GST application to IRAS within 30 days from the time it is deemed liable to avoid a late submission penalty. The compulsory GST registration process takes 2-3 days. Stay tuned for the upcoming features that will be rolled out in Jan 2021. Registering for GST. You must determine if you are applying for compulsory or voluntary GST registration. If you are registering for GST, you must appoint a local agent in Singapore, known as a Section 33(1) agent, who will act on your behalf for all your GST matters. Voluntary. We offer an assessment that determines the impact of GST registration on your company and customers. VAT Compliance and Filing . This agent is responsible for the accounting and payment of GST. Please refer to After registration, businesses must charge GST at the prevailing rate. The forms are available for downloading on the IRAS website. If you import goods for supply in Singapore, you have the following alternatives: If you are an overseas supplier or overseas electronic marketplace operator registering for GST under the overseas vendor registration (OVR) pay-only regime, please submit an application using the OVR form. Applying for Certificate of Residence or Tax Reclaim Form, Companies Applying for Strike-Off or To Cease Registration, Self-employed / Sole-proprietors / Partners, Deductions for Self-Employed (Reliefs, Expenses, Donations), Calculating and Reporting Business Income, Go to Self-employed / Sole-proprietors / Partners Section, Reporting employee earnings (IR8A, Appendix 8A, Appendix 8B, IR8S), Tax Clearance for Foreign & SPR Employees (IR21), Auto-Inclusion Scheme (AIS) for Employment Income, Common Scenarios - Do I Charge/Deem/Claim GST, Responsibilities of a GST-registered Business, Go to Non-GST Registered Businesses Section, Purchasing Digital Services from Overseas Service Providers, Selling your Property (for En Bloc Sales), Lower Property Tax Rates for Owner-Occupied Residential Properties, Essential Property Tax Information for HDB Flat Owners, Information for Buyers of Private Residential Properties, Information for Buyers of HDB/ DBSS Flats, Information for Buyers of Other Types of Properties, Information for Buyers of Vacant Land or Development Sites, Senior Employment Credit (SEC), CPF Transition Offset (CTO) and Enabling Employment Credit (EEC), Productivity and Innovation Credit Scheme (PIC), Apply/ Withdraw for Owner-Occupier Tax Rates, Step One: Determine the Type of GST Registration, Step Two: Complete e-Learning Course (Only for Voluntary Registration), Step Three: Submit Your Application for GST Registration, Step Four: GST Registration Application is Processed, Step Five: Receive Notification of Effective Date of Registration, responsibilities of a GST-registered business, overseas supplier or overseas electronic marketplace operator, GST Registration Calculator (prior to 2019), GST F1 - Application for GST Registration, GST F3 - Notification of Liability to be Registered: Details of All Partnerships and Partners, Issues to consider before voluntary registration, Responsibilities of a GST-registered business, Implications of GST registration for joint ventures, The company director/ sole-proprietor/ partner/ trustee of the business has the experience of managing other existing GST-registered businesses; or, The person who prepares your GST returns is an Accredited Tax Advisers (ATA) or Accredited Tax Practitioners (ATP); or. Businesses registering for GST on a voluntary basis are required to be on the GIRO plan for GST payment and refund. Registration Form - Details. Note: All videos (except 'Overview of GST' and 'Registering for GST'), will be … Tap on the icon “Save PDF to iBooks”. IRAS requires directors, sole proprietors or partners of companies under the voluntary GST registration category to complete two e-learning courses, titled Registering for GST and Overview of GST. GST comptroller will approve voluntary registration based on case-by case basis. Please refer to responsibilities of a GST-registered business for information on what you must do from your Effective Date of GST Registration. Again, only the GST CorpPass admin can authorize employees or third parties to carry out IRAS GST e-services. applications to us digitally for added security and convenience. Other Services Notifying IRAS of Changes; Changing GST Accounting Periods; Applying for special GST registration (Group registration and Divisional registration) Cancelling GST Registration; Advance Ruling System for GST; Checking if a Business is GST-Registered ; More. That is why we offer complete, automated services for your business VAT or GST registration anywhere in the world. a notification email to the email address provided in your application form See also: Applying for an ABN External Link; If you don't register. In general, a business may register for GST voluntarily, if its turnover is less than $1 Million per annum. Most banks will usually notify the applicants directly for GIRO applications accepted by them. In … If you don't register for GST and are required to, you may have to pay GST on sales made since the date you were required to register. A confirmation of approval is issued on the day the cancellation application is received. Voluntary cancellation of GST registration. The PDF will be stored … GST Updates. The actual cancellation date of the GST registration is issued once the application has been approved. e-Filing of Corporate Tax / e-Submission of employment income). The authorisation can be for access to any of IRAS’ e-Services (e.g. On this page: When to register If you … If there are no GST transactions during an accounting period, the business must … Illustration (prior to 1 Jan 2019) 1. The form is processed by IRAS within 10 working days. Sole Proprietorships owned by individual person for GST; M91234567X MR2345678A MB2345678A MX2345678A GST registration can be done voluntary, if your annual taxable supplies is below $1 million. To facilitate the processing of your application, please ensure that your application is duly completed with the necessary supporting documents. Complete this form to appoint / remove GST CorpPass admin(s). If none of your employees or third parties have a CorpPass account, please refer to IRAS’ CorpPass webpage on how to register for CorpPass. Voluntary Registration . Pre-registration GST is the GST that businesses incur on supplies of goods or services made to them before they are registered for GST. The Check GST Register API enables you to check whether businesses are GST-registered based on their GST registration number, UEN or NRIC This is usually done on a quarterly basis. File …   (Click on GST > Register for GST) and upload the required documents in the                     IRAS Scheme. You may appoint a GST-registered Singapore agent who will import and supply goods on your behalf. Otherwise, you may choose to register for GST voluntarily so that you can claim GST paid on imports. GST registration can either be a voluntary action or a compulsory requirement as provided by IRAS. Resources. Popular Tools. You may find details on the GST registration process and matters pertaining to the GST registration of overseas entities and joint ventures below. The Check GST Register API enables you to check whether businesses are GST-registered based on their GST registration number, UEN or NRIC If you are late in your application for compulsory registration, your effective date of registration will be back-dated to the date you ought to have been registered. IRAS e-Tax Guide GST: Pre-registration Claims on Goods and Services (For Businesses Registered for GST on or after 1 July 2015) (Third Edition). At the same time, you will be able to claim from IRAS the GST paid to your GST-registered suppliers. GST Deregistration . We may request for additional information and supporting documents subsequently through email or letter. Example: if your product costs $1,000, you charge your customer $1,070 ($1,000 for your service and an additional 7% GST tax of $70). One member is nominated and authorised by the others as the representative member to fulfil the administrative requirements of filing and payment of GST as well as other GST obligations for and on behalf of the JV. A cost-benefit analysis on the impact GST registration would likely reveal incentives for voluntarily registering for GST when a company is not required to so. To find out if you, as an overseas entity, must register for GST, refer to Do I Need To Register. GST registration where we will register your company with IRAS by following all the mandatory steps on behalf of your business. Liable for compulsory registration under retrospective view You will be registered on the first day of the third month following the end of the calendar quarter (prior to 1 Jan 2019) or calendar year (on or after 1 Jan 2019). 6 December 2012 On 30 November 2012, the Inland Revenue Authority of Singapore (IRAS) issued an e-Tax Guide, “GST: Pre-Registration Claims on Goods and Services”. CONTACT. Apply for GST Registration; View PIC Cash Payout Application Status; Property. From May 2021, most IRAS notices will be digitised and paper notices will be phased out.Access your company’s/ business’ notices instantly, anytime and anywhere, in myTax Portal, a safe and secured platform! Even without S$ 1 million, a business can still register for GST subject to approval by IRAS. The Check GST Register API enables you to check whether businesses are GST-registered based on their GST registration number, UEN or NRIC The business claims for an exemption from GST registration must show the IRAS that an amount of zero-rated supplies exceeds more than 90%. We usually take 10 working days to process your application. In particular, If the business is liable for GST registration or is already GST-registered, GST must be applied and accounted on B2C supplies of digital services made through the marketplace to customers in Singapore on behalf of the overseas suppliers, in addition to digital services made by the local company directly to customers in Singapore. In some countries, GST is known as the Value Added Tax (VAT). It will be the case if an amount of revenues of the business exceeds the value of the SGD 1 million. If e-filing GST return for the first time or when there is a change in the persons filing the GST returns, the person filing the GST return has to be authorised for GST e-Service under CorpPass by the GST-registered business. Applying for GST registration or deregistration; Managing and responding to IRAS queries; Making voluntary disclosures of errors to the IRAS to mitigate penalty exposure; Managing IRAS audits and investigations . This agent, known as a Section 33(2) agent, is responsible for the goods as if he is the principal. The difference between output tax and input tax is the net GST payable to IRAS or refunded by IRAS. a) goods imported via air or post that are valued up to (and including) the current GST import relief threshold of S$400 (“low-value goods”), and b) business-to-consumer (“B2C”) imported non-digital services, through the extension of the Overseas Vendor Registration and reverse charge regimes: GST will be extended to: a) Low-value goods which are imported … Upon successful application, you will receive an approval letter which informs you of your GST Registration Number and Effective Date of GST Registration. For GST-registered businesses to view or update contact information, such as GST mailing … If your business satisfies the conditions for claiming input tax, you can claim the input tax on your business purchases and expenses. You would need to consider the pro and cons carefully as you cannot de-registered as a GST company easily. Subsequent supply of the goods will be treated as his taxable supplies and he has to account for GST on the supplies. (ii) any calendar year (from 2019 onwards). (i) the calendar quarter (i.e. As a GST-registered business: You must submit your GST return to IRAS one month after the end of each prescribed accounting period. Disclaimer: This guide is intended as a general guide only, and the application of its contents to specific situations will depend on the particular circumstances involved. GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. You are not required to appoint a local agent to handle your tax matters in Singapore but you may be required to provide a security deposit if you are voluntarily registering for GST. 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