The Singaporean GST calculator is a free online tool for working out sales tax.
The material on this website has been prepared for general informational purposes only and is not intended to be relied upon as accounting, legal, tax, or other professional advice. Please refer to your advisors for specific advice.
Instructions:
1. Select the number fo decimal places you'd like to use from the drop-down list (the default is 2).
2. You can use the Tab key to to move to the next field, and shift-Tab to move to the previous field.
3. Enter value you'd like to calculate in the first box.
4. Select the tax rate you need from the dropdown list.
5. Click/tap the "Add GST" or "Subtract GST" button depending on your requirement.
6. Click/tap the button to copy the result value to your device's clipboard.
Exemptions:
The standard rate of GST applies to all supplies of goods or services unless a specific measure provides for a reduced rate, the zero-rate or an exemption.
The Singapore government has announced that the standard rate of GST will be raised in two stages, to 8% from 1 January 2023 and to 9% from 1 January 2024.
Examples of goods and services taxed at 0%
- Exports of goods and international services
The "term exempt" refers to supplies of goods and services that are not liable to GST and that do not qualify for input tax deduction.
Examples of exempt supplies of goods and services
- Sale or lease of residential property
- Certain financial transactions
- Importation or supply of investment precious metals
- Supply of digital payment tokens (from 1 January 2020)
Option to tax for exempt supplies. The option to tax exempt supplies is not available in Singapore.
Country Information:
What is Singapore's sales tax name?
Goods and services tax (GST)
What is Singapore's sales tax called in Singapore?
Goods and services tax (GST)
When were Singapore's sales tax(es) introduced?
April 1st 1994
Who administers Singapore's sales tax?
Inland Revenue Authority of Singapore (IRAS) (http://www.iras.gov.sg)
What is Singapore's sales tax threshold?
SGD1,000,000
What are Singapore's trade bloc memberships?
Association of Southeast Asian Nations (ASEAN)
Trans-Pacific Strategic Economic Partnership Agreement (TPP)
What is the Goods and Services Tax (GST) in Singapore?
GST is a value-added tax system in Singapore that imposes a tax on the supply of goods and services.
What is the current GST rate in Singapore?
The current GST rate in Singapore is 7%.
What goods and services are subject to GST in Singapore?
Most goods and services in Singapore are subject to GST, with some exceptions such as essential items like food and housing.
Is GST charged on imports into Singapore?
Yes, GST is charged on imports into Singapore.
How is GST collected in Singapore?
GST is collected by businesses registered for GST and is accounted for in the form of a GST return filed with the Inland Revenue Authority of Singapore (IRAS).
Who is responsible for paying GST in Singapore?
GST is paid by the end consumer in Singapore, but it is the responsibility of businesses registered for GST to collect the tax and remit it to IRAS.
How has GST been received by businesses and individuals in Singapore?
Initially, the introduction of GST was met with resistance from businesses and individuals, but it has since become widely accepted as a necessary part of the tax system in Singapore.
Have there been any changes to GST in Singapore since its introduction?
Yes, there have been several changes to GST in Singapore since its introduction, including adjustments to the GST rate, changes to the types of goods and services subject to GST, and improvements to the GST system.
What role do politicians play in the administration of GST in Singapore?
Politicians in Singapore play a key role in the administration of GST by setting tax policies, making changes to the GST system, and ensuring its proper implementation and enforcement. The Minister of Finance and the Parliament of Singapore have the ultimate authority over GST in the country
What is Singapore's currency?
Singapore dollar (SGD) - S$
What continent is Singapore on?
Asia
What geographical region is Singapore in?
ASEAN
What is Singapore's capital?
Singapore
What is the demonym for Singapore?
Singaporean
What is Singapore's ISO 3166 Country code?
SG
What is Singapore's International dialling code?
+65
What is Singapore's internet TLD?
.sg