Consumption/VAT/Sales Tax in Singapore

Overview by
Nature of the Tax
GST (Goods and Services Tax)
Standard Rate
Reduced Tax Rate
VAT exemptions on goods for export and international services.
Exclusion From Taxation
The sale and lease of residential land and provision of financial services such as Asian currency unit transactions, interest charges and life insurance are exempted from GST.
Method of Calculation, Declaration and Settlement
Visit the GST chapter on the Website of the Inland Revenue Authority of Singapore.
Other Consumption Taxes
Visit the site of Inland Revenue Authority of Singapore.

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