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GST is a consumption tax levied on the importation of goods and the supply of goods and services in Singapore. GST is currently charged at 7% by GST registered businesses. In Budget 2022, the Minister for Finance announced that the GST rate will be increased from:
(i) 7% to 8% with effect from 1 Jan 2023; and
(ii) 8% to 9% with effect from 1 Jan 2024.
Our GST services include:
GST advisory including assessment on requirements to register and the advantages and disadvantages of registration.
Registration of GST
Preparation and submission of GST returns
Estimated charges and costs.
Our fees are affordable depending on the types and number of services, requirements, demands, and nature of your business.
| Service Description | Fee | Type |
|---|---|---|
| For voluntary GST registration | S$350 | One Time |
| For compulsory GST registration | S$350 to S$500 | One Time |
| For low volume transactions- up to 100 transactions | S$150 | Quarterly |
| For medium volume transactions- up to 200 transactions | S$300 | Quarterly |
| For high volume transactions- up to 500 transactions | S$500 | Quarterly |
| Above 500 transactions | Negotiable | Quarterly |
Ong & Liang Management Consultants (2000) is a dynamic and forward looking accounting and consultancy firm in Singapore and Malaysia. We are committed to provide reliable and efficient service with a high level of integrity and professionalism. Our extensive knowledge of the diverse industries, gained through many years of experience, promises an in-depth understanding of your business.
This understanding enables us to provide total solutions that are customized especially to your needs.
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