Business registration

Does my company need to be GST registered?

In Singapore, not all Company is compulsory to be GST registered. If the Company’s taxable turnover is more than SGD$ 1 million by the end of the calendar year, or they are expecting a turnover exceeding SGD$ 1 million, then it is compulsory to register GST.

A Company may voluntarily register for GST if they satisfy the following:

  • Business makes taxable supplies
  • Business makes only out-of-scope supplies
  • Business makes exempt supplies of financial services
  • Business procures services from overseas service providers

In order to initiate the GST registration, the Company must first complete the two e-learning courses which are “registering for GST” and “overview of GST”. This is to ensure that the Company understands the lying circumstances of registering GST.