Goods and Services Tax (GST)

GST has been implemented over 24 years in Singapore. Complying with the GST rules and requirements still remains challenging to most businesses. With step-up audits by the Inland Revenue Authority of Singapore (IRAS) and the increase in GST rate in the upcoming years, more focus should be placed on your GST compliance. In BDO, we have a GST specialist team who can provide practical and timely advice to support you in your day-to-day GST tasks and take a pro-active approach in managing your GST risks.

How can BDO help

Incorporation of Business

Assess GST registration liability
Apply for GST registration/exemption from GST registration
Apply for GST group registration, GST schemes (e.g. Major Exporter Scheme, Import GST Deferment Scheme)
Advise on start-up issues (e.g. GST coding in system, procedure manual on GST treatment)

GST Compliance

Assist with claiming of pre-registration GST
Review and e-filing of GST returns
Perform one-off GST return review
Perform GST health check reviews
Perform Assisted Self-Help Kit (ASK) reviews for the application/renewal of GST schemes/voluntary disclosure of errors
Perform Assisted Compliance Assurance Programme (ACAP) reviews
Conduct customised GST training

GST Advisory

Advise on GST treatment of day-to-day business transactions
Advise on GST implications of new business models or cross-border transactions
Perform due diligence reviews

IRAS Audits/Investigation

Manage GST audit/investigation process with IRAS
Assist with replies to IRAS’ queries
Assist with objection/appeal to IRAS’ decisions
E-filing of GST F7 (Disclosure of Errors on GST Return) forms

Cessation of Business

Apply for cancellation of GST registration
Advise on GST implications of GST de-registration, liquidation process
Advise on GST implications of the transfer of business
Review and e-filing of final GST returns

Our GST team

In BDO, we have a team of dedicated GST specialists who have substantial experience from the GST departments in IRAS and Big Four international accounting firms. With the wealth of experience gained, we are well placed to provide you with practical guidance on your GST matters.