Every month, thousands of Singapore businesses pay overseas technology companies — Google, Meta (Facebook), Zoom, LinkedIn, Dropbox, Adobe, and countless others — for digital services. Most of these businesses never stop to consider whether GST applies to these payments. In many cases, it does. Under Singapore's reverse charge mechanism, introduced from 1 January 2020 and [...]
Singapore has established itself as one of Asia’s leading e-commerce hubs. With world-class logistics infrastructure, a highly connected population, and a business-friendly regulatory environment, it is an attractive base for both domestic online retailers and cross-border digital merchants. Whether you sell goods on Shopee, Lazada, Shopify, your own website, or all of the above, running [...]
If your business is registered for Goods and Services Tax (GST) in Singapore, filing your GST return on time and accurately is one of your most important compliance obligations. Yet it is also one of the most commonly mishandled — with errors in input tax claims, missed deadlines, and incorrect treatment of supply types being [...]
Running an e-commerce business in Singapore looks deceptively simple from the outside: incorporate, plug into Shopify or a marketplace, and ship. The tax and compliance reality is much more layered. Cross-border supply rules under the Overseas Vendor Registration (OVR) regime, GST on imported low-value goods, the InvoiceNow electronic invoicing mandate, marketplace deemed-supplier rules, and the [...]
Running a food and beverage business in Singapore involves more regulatory layers than almost any other small-business sector. The corporate-secretarial obligations under the Companies Act 1967 are only the foundation — on top of those, F&B operators have to navigate licensing under the Sale of Food Act 1973, food safety rules under the Singapore Food [...]
For many business owners in Singapore, Goods and Services Tax (GST) registration is a milestone that raises a host of questions. When is registration compulsory? Is there any benefit to registering voluntarily? What are the compliance obligations that come with being GST-registered? And with the new InvoiceNow requirements rolling out from April 2026, what should [...]
It is highly recommended to initiate early preparations to seamlessly transition to the new GST rate of 9% effective from January 1, 2024. This involves potential adjustments to your point-of-sale, invoicing, accounting systems, and other operational aspects, including updating price displays to reflect the revised rate. The Budget In the Budget announcement of 2022, [...]