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IRAS updated several GST e-Tax Guides to reflect new prospective GST registration rules effective 1 July 2025, allowing registration to take effect two months after forecasted taxable turnover exceeds SGD 1 million.
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Businesses eligible to use the Gross Margin Scheme (GMS) from 1 July 2025 no longer need prior IRAS approval, with updates made across guides for motor vehicle traders, financing instruments, and prescribed goods.
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e-Tax Guides for imported low-value goods, remote services, and reverse charge were revised to include the new prospective registration timeline and other editorial adjustments for consistency and compliance clarity.
Source: Orbitax
