How Goods and Services Tax (GST) works in Singapore

GST is a tax on domestic consumption. It is a form of value-added tax, which applies to goods and services supplied in Singapore by businesses in Singapore, and to goods and services imported into Singapore.

Singapore currently has a 7% GST, imposed on goods and services supplied in Singapore as well as on importation of goods. A business is required to register for GST if its annual taxable supplies is SGD1 million or more. A GST-registered business is required to file GST returns on a quarterly basis.

From 1 Jan 2020 onwards, payment for digital services provided by non-resident entities to consumers in Singapore would be subjected to GST if both date of payment and date of service performed is on or after 1 Jan 2020. 

Overseas suppliers with a global turnover exceeding S$1m, who supplies digital services to customers in Singapore exceeding S$100,000, are required to register for GST in Singapore.