Goods and Services Tax (GST) Services

In today’s dynamic economic landscape, businesses are continually seeking ways to optimise their operations and financial strategies.

One key area that requires careful consideration is GST and its equivalents—consumption‑based tax systems adopted by more than 170 countries worldwide. Businesses must navigate intricate tax regulations and practices that affect their transactions and activities. A strategic focus on GST can therefore help businesses not only comply with tax requirements but also improve operational efficiency, enhance financial transparency, and maintain strong customer relationships.

As GST plays a vital role in influencing a business’s bottom line, it is essential for organisations to adopt a forward‑thinking approach and ensure effective GST management. This can provide a competitive edge in a rapidly changing market.

How can we help

Our specialist team is well placed to support you across a wide spectrum of GST matters:

GST compliance and planning

• Assess GST registration liability
• Application for GST registration/exemption from GST registration/GST group registration/divisional registration
• Advise on start-up issues (e.g. recoverability of GST on expenses, GST treatment and tax coding in the system, transaction table)
• Advise on different types of GST schemes (e.g. MES, IGDS) and assist with the application of such GST schemes
• Review and e-filing of GST F5/F7/F8 returns
• E-Filing of Statement of Claims (SOC) for Qualifying Funds, S-REITs, Qualifying S-RBT

GST reviews

• Perform GST health check reviews
• Perform reviews under the Assisted Self-Help Kit (ASK) for the application/renewal of GST schemes or voluntary disclosure of errors
• Perform reviews under the Assisted Compliance Assurance Programme (ACAP)
• GST due diligence reviews

GST advisory

• Advise on GST treatment of day-to-day business transactions
• Advise on GST implications of new business models or cross-border transactions
• Advise on GST implications of the transfer of business, cessation of business, and liquidation
• Advice and planning for IPO
• Customised in-house GST training

Tax dispute resolution

• Support in tax audits and/or tax investigation process with IRAS
• Support in objection/appeal to IRAS’ decisions

For foreign companies

• Advice on GST implications on foreign companies’ business activities in Singapore
• Assess foreign companies’ GST registration liability in Singapore under the Overseas Vendor Registration (OVR) regime
• Assist with the application for GST registration under the OVR regime
• Assist with the e-filing of GST returns under the OVR regime