Singapore’s Electronic Tourist Refund Scheme allows eligible tourists to claim GST refunds on qualifying purchases before leaving through Changi or Seletar Airport. Tourists must meet eligibility conditions, spend at least SGD 100 (approx. eur 67.30), present their original passport at purchase, and export the goods within two months. Most standard-rated goods qualify, but services, accommodation,... Read more

Businesses may need to account for GST on free gifts or samples if input tax was claimed and the value exceeds the relevant threshold. For gifts, output tax is required when the total cost to the same recipient for the same occasion is more than $200, excluding GST; no output tax is needed if the value is $200 or less or input tax was not claimed. Special rules apply to vouchers, bundled free item... Read more

Singapore has opened one-time online registration for Pillar Two taxes, including MTT (Multinational Top-up Tax), DTT (Domestic Top-up Tax), and GloBE (Globus Anti-Base Erosion) reporting. In-scope MNE (Multinational Enterprise) groups with at least €750 million in revenue and a Singapore connection must register within six months after their first applicable financial year, with future filings ha... Read more

The Inland Revenue Authority of Singapore (IRAS) has announced a phased timeline for GST-registered businesses to adopt InvoiceNow for electronic invoice data submission. The rollout will occur between 2028 and 2031, with deadlines based on business turnover, while new voluntary GST registrants must implement InvoiceNow earlier. To support the transition, the government will provide funding of up... Read more

The document serves as a legal and operational guide for retail, VAT, and compliance in Singapore. It covers regulatory details, VAT rules, reporting obligations, retail processes, and business registration. It highlights the absence of fiscalization, mandatory forms, penalties, and developments in e-invoicing, ensuring comprehensive compliance for retailers. Read more

The Q&A document is an essential resource that provides clear answers to the most frequently asked questions in retail. It saves valuable time by consolidating complex information into a practical and accessible format. Prepared by our team of experienced experts, it addresses key issues such as document types, business processes, the registration process, and the applicable laws and regulations. Read more

In this overview, we present the basics of Singapore: a non-fiscal country with no mandatory POS certification, hardware requirements, or tax authority communication, but businesses must issue receipts as proof of purchase. Read more