Singapore Revises GST Registration Rules to Allow Prospective Assessment

• Singapore now allows businesses to register for GST based on a prospective view if taxable turnover is reasonably expected to exceed $1 million in the next 12 months; registration must occur within 30 days of the forecast.

• For forecasts made on or after 1 July 2025, businesses will be registered two months after the forecast date and may begin charging GST only after this period, replacing the previous 31-day requirement.

• Businesses must provide concrete proof—such as signed contracts or confirmed orders—to justify forecasts; speculative projections based on business plans or targets are not valid grounds for GST registration.

Source: Orbitax

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