Goods and Services Tax (GST) remains an important source of revenue for the Singapore Government, with the momentum of recovery from GST audits increasing in recent years. The penalisation of GST-registered businesses for non-compliance sends a clear signal to organisations that accurate filing and diligent management of GST risks are imperative.
Statistics from the tax authority shows a substantial amount of GST recovered through audits in recent years, highlighting an underlying phenomenon which is GST risk management often takes a back seat. Many businesses outsource corporate tax filing work to professionals but neglect to do the same with GST return filings.
As businesses evolve and transactions become more sophisticated, ensuring accurate GST treatment in the face of constant regulatory updates remains a challenge for businesses in managing GST risks.
We offer a full spectrum of GST assistance and services, including:
- Review and e-filing of GST returns
- GST return review and filing
- GST Analytics to dive deeper into business data, reveal opportunities, and highlight threats that may affect GST compliance
- GST health-check and compliance review
- GST Assisted Self-help Kit (ASK) review
- GST Assisted Compliance Assurance Programme (ACAP) review
- Consulting for business start-ups, new business arrangements, group restructuring and e-commerce or digital transactions
- Due diligence review for merger and acquisition transactions
- Integration of GST logic into accounting systems and configuration of tax coding
- Review and/or consulting on internal controls for GST reporting
- Dispute resolution
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Download our Free GST App!
Get quick and fuss-free access to easy-to-understand concepts on Singapore GST as well as notification of the latest GST updates and expert insights.
Features:
- 24-7 access to fundamental GST guidelines on goods and services
- Useful sharing of documents necessary for exports (including hand-carried goods)
- Access quick tips about local, international and free services
- Directly contact our GST specialists via email or phone
- Receive notifications on the latest GST updates and expert insights
The app is available for iOS phones. Download yours today.