- Overseas vendors must register for Singapore GST if their global turnover exceeds S$1 million and sales to Singapore customers exceed S$100,000 within 12 months, registering within 30 days of meeting both thresholds. GST applies to remote services and low-value goods (S$400 or less) sold to Singapore. Registration is online via the IRAS MyTax Portal, and vendors must file quarterly GST returns and keep records for five years. GST (9%) must be charged at sale, shown on invoices, and remitted quarterly. Non-compliance can result in penalties, interest, heavy fines, and imprisonment. Voluntary registration and disclosure can help avoid penalties.
Source: answerconnect.cch.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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