An overseas entity is defined as an entity that is not a Singapore resident and/or has no established place of business located in Singapore.
The same rules for GST REGISTRATION apply to local and overseas entities in Singapore.
If you are registering Goods and Service Tax (GST), you must appoint a local agent in Singapore, called Agent 33(1), to handle all GST duties on your behalf. The agent is responsible for the accounting and payment of goods and services tax.
Under what circumstances does a foreign entity need to register for the Singapore GST?
- Your taxable turnover at the end of any calendar year on or after January 1, 2019 exceeds S$1 million.
- At the end of the calendar quarter before January 1, 2019 (ie 3 months as of March, June, September or December) and the taxable turnover for the past three quarters exceeds S$1 million.
If the taxable turnover for the past 12 months exceeds S$1 million, you must monitor and register for GST at the end of each quarter ended December 31, 2018. We encourage you to use the Goods and Services Tax Registration Calculator to assist you in monitoring your registration responsibilities.
For the purpose of determining registration responsibilities on or after 1 January 2019, the taxable turnover shall be calculated on a calendar year basis. If your annual taxable turnover exceeds S$1 million, you must monitor and register for GST at the end of each calendar year (ie December 31).