The GST rate is 7% in 2022, 8% as of 1 January 2023 and 9% from 1 January 2024.
Registration for GST – compulsory registration
A business (including Sole Proprietorship, Partnership and Private Limited Company) would need to register for GST if it crosses the threshold from a retrospective or prospective view.
Retrospective view
The taxable turnover at the end of any calendar year on or after 1 January 2019 is more than SGD 1 million.
For periods on or after 1 January 2019, taxable turnover will be computed on a calendar year basis for the purpose of determining registration liability. The business would have to monitor at the end of every calendar year (ie 31 December) and register for GST if their annual taxable turnover exceeds SGD 1 million. Businesses are encouraged to use the GST Registration calculator (from 2019) to assist them in determining their GST registration liability. Also see Tolley's EU and Global VAT, 33.3.
Prospective view
If at any time, the business can reasonably expect its taxable turnover in the
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Web page updated on 17 Mar 2025 13:27