- Assess if you need to register for GST based on your taxable turnover.
- Compulsory registration is required if turnover exceeds $1 million retrospectively or prospectively.
- Voluntary registration is an option if not liable.
- Reverse charge and overseas vendor registration may also require GST registration.
- Retrospective view: Register by 30 Jan if turnover exceeds $1 million by year-end.
- Prospective view: Register within 30 days if expected turnover exceeds $1 million in the next 12 months.
- New rule from 1 Jul 2025: Two-month grace period for prospective GST registration.
- Supporting documents are needed for forecasted turnover.
- No registration required if turnover is mainly from zero-rated supplies or if certain conditions are met.
Source: iras.gov.sg
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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