Singapore Updates FAQs on Need to Register for GST

The Inland Revenue Authority of Singapore has updated its guidance on Do I need to register for GST. This includes new and updated FAQs as follows:

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1. I have already made $400,000 of sales since the start of this calendar year, and I expect to make an additional $800,000 before 31st Dec. Do I need to register for GST under the compulsory basis now?

For the purpose of ascertaining if you are liable to register for GST, you should look at the taxable turnover and not sales.

If there i…