1. What is Singapore GST?

GST (Goods and Services Tax) is a value-added tax levied on most goods and services in Singapore. The current rate is 9%, applied to the price of taxable supplies.

2. How Does the Calculator Work?

The calculator uses the GST formula:

Where:

• \( Amount \) — The base amount before GST (dollars)
• \( 0.09 \) — The GST rate (9%)

Explanation: The calculation multiplies the base amount by 0.09 to determine the GST amount.

3. Importance of GST Calculation

Details: Accurate GST calculation is essential for businesses to correctly price goods and services, file tax returns, and comply with Singapore tax regulations.

4. Using the Calculator

Tips: Enter the amount in dollars (without GST). The calculator will compute the 9% GST amount. All values must be valid (amount ≥ 0).

5. Frequently Asked Questions (FAQ)

Q1: What is the current GST rate in Singapore?
A: The current GST rate in Singapore is 9%, effective from January 1, 2024.

Q2: Are all goods and services subject to GST?
A: Most goods and services are taxable, but some items like financial services and residential property sales are exempt.

Q3: How do I calculate the total price including GST?
A: Total price = Base amount + GST amount, or simply Base amount × 1.09.

Q4: Who needs to register for GST in Singapore?
A: Businesses with taxable turnover exceeding S$1 million in the past 12 months must register for GST.

Q5: How often must GST returns be filed?
A: GST-registered businesses typically file returns quarterly, though some may be required to file monthly.