IRAS Updates FAQs on GST Registration Requirements for Businesses in Singapore, August 2025

The Inland Revenue Authority of Singapore (IRAS) updated its FAQs on 28 August 2025 to clarify GST registration requirements. Key points include:1. Businesses must assess taxable turnover, not sales, to determine GST registration liability. If turnover is uncertain to exceed SGD 1 million, registration is not required prospectively but must be checked retrospectively at year-end.2. Businesses selling goods outside Singapore without entering the country do not need to register for GST if supplies exceed SGD 1 million, as these are out-of-scope supplies.3. Property trading partnerships must include sales proceeds from commercial properties held by partners as bare trustees when computing taxable turnover for GST registration.4. Executive directors are not liable for GST registration, while non-executive directors may be if they supply directorship services as a business.5. If IRAS backdates GST registration, businesses can recover GST from customers if they agree to pay, allowing GST-registered customers to claim it.

Source: regfollower.com

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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