ifSingapore CorporationTax income exceeds that of the year100Ten thousand Singapore dollars must apply for excise tax (GST), if not achieved10010, 000 Singapore dollars, is free to apply or not to apply. Consumption tax (GST) is a broad-based tax on imports into Singapore (levied by Singapore Customs) and almost all goods and services in Singapore,The current consumption tax rate is7%.

If excise tax is applied for, the company applying for excise tax must report it to the tax office every quarter. The company will report its input tax and output tax for the quarter. The difference between the two is the amount of excise tax that the merchant pays or claims back to the IRS.

ifSingapore CorporationIf the income is from a country or region other than Singapore, you can apply for an exemption, because the GST is targeted at the end consumer. If the consumer is outside Singapore, he or she is exempt from the GST. But if the customer's tax income exceeds100Ten thousand Singapore dollars must first apply for registration of consumption tax, and then can apply for exemption.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.