GST Archives

GST Registration in Singapore: A Complete Guide for Business Owners in 2026

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 [...]

By The Raffles Corporate Services Editorial Team|2026-04-14T08:23:04+08:00April 14th, 2026|Accounting Bookkeeping Tax and XBRL|

Preparing for the Change in GST Rate

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, [...]

By Willie Tan|2023-12-22T11:43:08+08:00December 22nd, 2023|Latest News and Announcements|