Singapore — Goods and services tax (GST)
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Singapore's general VAT rate is 7%, with other rates including 0% that can apply to certain transactions. The Goods and services tax (GST) is administered by the Inland Revenue Authority of Singapore (IRAS) (http://www.iras.gov.sg) in Singapore.
Visitors to Singapore can qualify for a VAT refund on all purchases made for export - learn more about Singapore VAT refunds here.
Singapore is a member of the ASEAN trading bloc, which may affect international VAT collection and regulations.
Singapore's consumption tax is called the Goods and services tax (GST), which was introduced in April 1994.
Singapore GST rates for 2023
- Zero-rated (0%) and exempt
Singapore GST number format
Businesses in Singapore that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Inland Revenue Authority of Singapore (IRAS), and will follow a certain format. The GST number format is .
- M2-1234567-8, MR-1234567-8 and 19-9012345-X
Singapore GST return periods
Businesses in Singapore that are required to collect tax from consumers must file regular tax returns with the Inland Revenue Authority of Singapore (IRAS) in Singapore. Singapore's GST return periods are:
Monthly (optional, subject to approval by GST Comptroller) Semiannual (voluntary, subject to approval by GST Comptroller)
Singapore Goods and services tax (GST) Thresholds
These are the revenue thresholds at which businesses in Singapore are required to start collecting and remitting tax.
- SGD1 million
Recovery of GST by non-established businesses
Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. In Singapore, taxation of a non-established business is: No (unless the non-established business is registered for GST in Singapore)
Singapore VAT Refunds
Singapore has a VAT refund program that allows tourists and others to receive a refund of any Singapore VAT paid on goods purchased in Singapore that are being exported from the country.
The minimum purchase amount needed to claim a VAT refund is €100.00 Euros (which would yield a VAT refund of about €7). SalesTaxHandbook has detailed information about Singapore's VAT refund program:Learn More About Singapore VAT Refunds
Singapore Tax Sources & Citations
- EN: Singapore Value Added Tax
- RU: НДС Сингапур
- CN: 新加坡 增值税
- Singapore Inland Revenue Authority of Singapore (IRAS) (1)
- Ernst & Young global VAT tax study, Singapore (updated 2023)
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