- Singapore Tax Agency issued GST registration guidance for overseas and local businesses
- Topics covered include overseas vendor registration, mandatory registration for businesses with certain turnovers, requirements for electronic marketplace operators, checklists for newly registered entities, and FAQs on overseas vendor registration.
- Overseas businesses with global turnover exceeding S$1 million and B2C supplies in Singapore exceeding S$100,000 annually must register under the OVR regime.
- Local businesses must register if their taxable turnover and/or total value of imported services and LVG exceed S$1 million over a 12-month period.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
