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Goods and Services Tax in Singapore
The Goods and Services Tax (GST) in Singapore is a value-added tax levied on the goods and services sold. The GST is currently set at 7%. Singapore’s businesses must register for GST if their annual taxable turnover is more than S$1 million. Once registered, companies must charge GST on their taxable supplies of goods and services. They can then claim
September 26, 2022
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