You are required to self assess the GST (Goods and Service Tax) continually.
If the past 12 month’s taxable revenue of your company is more than S$1 million, you are required to register for GST. The second condition to register for GST is if the expected turnover of your company is more than S$1 million in the next 12 months.
You must inform the comptroller of GST within 30 days from the day when the liability arises. In case your company’s total turnover for the past 12 months is more than S$1 million, and you have not informed the comptroller, you must do as soon as possible. You may still face a penalty for reporting late.
New Company Setup
New Company Setup
Existing Company
New Branch Setup
New Setup
Singapore Bank Account