Search results
Learn about the due dates to submit your GST Returns. Late filing or non-filing of GST Returns (F5/F8) Learn about the consequences relating to the late filing or non-filing of your GST Returns.
You can access your GST returns by logging in to myTax Portal. All figures reported in the GST Return must be in Singapore Currency. If you have transactions in foreign currency, please refer to Foreign currency transactions on how you should report them in Singapore currency.
Manage your GST matters with our e-services, including applying for GST registration, filing GST returns, paying GST bills, and more.
Submit forms to IRAS by completing: GIRO application forms for the different taxes. You may choose Master Giro application form if you wish to pay more than one of your taxes (Individual Income Tax, Property Tax, GST or Withholding Tax).
1. Late submission penalty - A penalty of $200 will be imposed for every completed month that a GST return remains outstanding. The maximum penalty for each GST return is $10,000; and. 2. Late payment penalty - A penalty of 5% of the unpaid tax will be levied.
Submit your application to be a GST-registered business on myTax portal. Assisted Self-Help Kit (ASK) Review past GST submissions and discover errors with this self-assessment package from IRAS.
In your return, you need to declare how much GST you collected on sales, and how much GST you paid on purchases. It’s compulsory to e-file your GST F5 return via myTax Portal. When to file
Jul 24, 2024 · The guide provides a step-by-step procedure that businesses in Singapore can easily follow when filing GST returns. It helps the business overcome compliance challenges by covering every essential detail, from early planning to filing and payment.
Oct 27, 2022 · As per rule 53 of Goods and Services Tax (General) Regulations, every taxable person registered under the GST act is required to file the return electronically. Such a return is filed in GST F5 at mytax.iras.gov.sg .
In Singapore, the sale and lease of residential properties, financial services, investment precious metals, and digital payment tokens (from 1 January 2020) are exempt from GST. To learn more about the GST registration process and matters pertaining to the GST registration, please visit the IRAS website.
