Singapore Updates Guidance on GST Registration Based on Prospective View

The Inland Revenue Authority of Singapore has updated its guidance on the need to register for GST, including new guidance on registration based on a prospective view.

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Prospective view

At any point in time, if you can reasonably expect your taxable turnover to be more than $1 million in the next 12 months, you must apply for GST registration within 30 days after the date of your forecast, and you will be registered on the 31st day after your forecast date.

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