If the IRAS has to refund GST amount to a business, the refund will be made as follows: In case of monthly accounting period – Within one month. required to e-File the YA 2021 Estimated Chargeable Income (ECI) by 31 Mar 2021 (i.e. Even if you have started your GST journey for years, there are compliance risks that you might have overlooked. What can I do for the bank to be released as an agent? - 1. When dialling numbers beginning with "1800", please replace "1800" with our country code "65", followed by "6" and the number you wish to call. (You will be redirected automatically after SingPass login) 1800-2222-888 . To minimise the risk of spread of COVID-19, walk-in services at The URA Centre are unavailable until further notice, and members of the public are to use our e-services.Visits to the Singapore City Gallery are by appointment only. Once you have registered for GST, you must charge GST on your supplies at the prevailing rate. CorpPass; or Accounting Software Singapore IRAS Approved and GST Compliant. Visit our For example: If your input tax is $20 and the output tax is $10, IRAS will refund the Net GST of $10. / When to file ECI? 5 Click on “ ”to insert another E-Invoice Line. For Companies CorpPass. Why is IRAS enforcing/collecting the premiums? Estimated Chargeable Income (ECI) Accounting software in Singapore is application software that helps companies or individual to record and process business financial transactions.The basic accounting software normally will include General Ledger (GL), Accounts Receivable (AR), Accounts Payable (AP) and Cash Book. Owner, Partner, Director, Corporate Secretary: You are the only user in your entity conducting e-Services transaction. CorpPass Step-by-Step Guide for Foreign Entities (PDF, 9.96MB) GST News Greetings from your Indirect Tax team at Deloitte Singapore. Heartiest Congratulations to Shri Naresh Salecha for taking up the assignment of Member Finance in Apex Scale. Register as Admin Does My New Company Need to File Form C-S/ C this Year? How do I object to my Notice of Assessment? Corporate Tax webpages. Who is responsible for the payment of my premiums? Enable GST Compliance, Reporting requirements for Singapore IRAS, Record and Prepares GST report Infochola Singapore GST Localization (iSGST) bd68fa35-3df0-4b1a-beaa-6143253f0452 • "Approver" role for the "Corporate Tax (Filing and Applications)" e-Service in Why wait when you can get your questions answered immediately in Ask Jamie? Can't seem to find your answer from our website or e-Services? Get instant answers from our popular FAQs! The Guide explains the GST treatment for goods and services provided by a GST-registered person to employees as fringe benefits. Programme Objective This 1 day programme will address the following: Understanding the concepts of the Goods & Services Tax (GST), its rules and regulations. 2 Whether a business is GST-registered can be verified via the IRAS website (www.iras.gov.sg > GST > Checking if a Business is GST-registered). Programme Objective 2019 marks the 25th year of GST implementation in Singapore. IRAS Singapore is part of the statutory board of the Singapore government established under the Ministry of Finance and tasked with being in charge of Singapore tax collection. - But the two main functions of the body that can be outlined are collecting taxes of all types and acting as a tax advisor to the government. GST: General Guide For Businesses 2 2.3 Output tax is the GST that is charged and collected by GST-registered businesses from their customers and is to be paid to IRAS. Does my company need to file Estimated Chargeable Income (ECI)? Companies with financial year ending in Dec 2020 are - How do I update my company’s financial year-end? For IRAS login, click here to proceed. CorpPass Simplified Guide for Companies (PDF, 615KB) Iras Singapore Contact Phone Number is : (+65) 6351 3636 and Address is 55 Newton Road, Revenue House, Opposite Novena MRT Station, Singapore 307987 The Inland Revenue Authority of Singapore (IRAS) is a Government agency of tax collection. Click here to check how much GST Voucher citizens may receive . CorpPass Step-by-Step Guide for Companies (PDF, 8.59MB) If Customer Accounting was selected, the GST fields would be set to zero (0) and greyed-out, for your client agency will account to IRAS, GST Output on your behalf for the invoice. • "Access to all e-Services" in Mondays to Fridays: 8 am to 5 pm for all enquiries Applying for Certificate of Residence or Tax Reclaim Form, Companies Applying for Strike-Off or To Cease Registration, Self-employed / Sole-proprietors / Partners, Deductions for Self-Employed (Reliefs, Expenses, Donations), Calculating and Reporting Business Income, Go to Self-employed / Sole-proprietors / Partners Section, Reporting employee earnings (IR8A, Appendix 8A, Appendix 8B, IR8S), Tax Clearance for Foreign & SPR Employees (IR21), Auto-Inclusion Scheme (AIS) for Employment Income, Common Scenarios - Do I Charge/Deem/Claim GST, Responsibilities of a GST-registered Business, Go to Non-GST Registered Businesses Section, Purchasing Digital Services from Overseas Service Providers, Selling your Property (for En Bloc Sales), Lower Property Tax Rates for Owner-Occupied Residential Properties, Essential Property Tax Information for HDB Flat Owners, Information for Buyers of Private Residential Properties, Information for Buyers of HDB/ DBSS Flats, Information for Buyers of Other Types of Properties, Information for Buyers of Vacant Land or Development Sites, Senior Employment Credit (SEC), CPF Transition Offset (CTO) and Enabling Employment Credit (EEC), Productivity and Innovation Credit Scheme (PIC), Apply/ Withdraw for Owner-Occupier Tax Rates. This GST that is charged and collected is known as output tax. Not being selected for GST audit in the past is not an endorsement of your GST … IRAS has defined utility tokens as a token that will give the holder access to goods and services that will be launched in the future. GST will not be billed for the E-Invoice Line, the GST should be set to zero (0) for that E-Invoice Line. Got a question? The leading revenue authority in the world | A partner of the community in nation-building and inclusive growth Applying for Certificate of Residence or Tax Reclaim Form, Companies Applying for Strike-Off or To Cease Registration, Self-employed / Sole-proprietors / Partners, Deductions for Self-Employed (Reliefs, Expenses, Donations), Calculating and Reporting Business Income, Go to Self-employed / Sole-proprietors / Partners Section, Reporting employee earnings (IR8A, Appendix 8A, Appendix 8B, IR8S), Tax Clearance for Foreign & SPR Employees (IR21), Auto-Inclusion Scheme (AIS) for Employment Income, Common Scenarios - Do I Charge/Deem/Claim GST, Responsibilities of a GST-registered Business, Go to Non-GST Registered Businesses Section, Purchasing Digital Services from Overseas Service Providers, Selling your Property (for En Bloc Sales), Lower Property Tax Rates for Owner-Occupied Residential Properties, Essential Property Tax Information for HDB Flat Owners, Information for Buyers of Private Residential Properties, Information for Buyers of HDB/ DBSS Flats, Information for Buyers of Other Types of Properties, Information for Buyers of Vacant Land or Development Sites, Senior Employment Credit (SEC), CPF Transition Offset (CTO) and Enabling Employment Credit (EEC), Productivity and Innovation Credit Scheme (PIC), Apply/ Withdraw for Owner-Occupier Tax Rates, Advisory on Scams and Fraudulent Activities, 8:00am to 5:00pm for Mondays to Fridays (except Public Holidays), 8:00am to 1:00pm for Eve of Christmas, New Year and Chinese New Year. Contact Details: On e-Stamping matters Helpline: 1800 4604923 Mondays to Fridays: 8 am to 5 pm Saturdays, Sundays and Public Holidays : Closed Email: ESTAMP@iras.gov.sg Location of IRAS There are step-by-step instructions to guide you. Frequently Asked Questions (FAQs) on CorpPass for Companies (PDF, 297KB) The GST that you incur on business purchases and expenses (including import of goods) is known as input tax. From 3 Sep 2018, customers who wish to enquire on business registration and business advisory matters, please call the relevant helpline numbers: I have a question on Supplementary Retirement Scheme (SRS)? - If you are unable to fulfil any of the above conditions, please call the GST Voucher hotline at 1800 2222 888 for further assistance. View the map on how to get to Revenue House, and find out more about our International Visit Programme. 2 February 2016 The Inland Revenue Authority of Singapore (IRAS) has updated its website on the GST treatment of computer software maintenance. a) If IRAS’ notice of cash grant, or copy of the notice, was received on or before 30 September 2020: Submit application by 14 October 2020. b) If IRAS’ notice of cash grant, or copy of the notice, is received after 30 September 2020: Submit application within 10 working days after receiving the notice. Beneficiary's GST Voucher cheque for his/her GST Voucher − Cash. Deductions for Individuals (Reliefs, Expenses, Donations), Basic Guide for New Individual Taxpayers (Foreigners), Individuals (Foreigners) Required to Pay Tax, Deductions for Individuals (Foreigners) (Expenses, Donations, Reliefs, Rebates), Self-Employed / Sole-Proprietors / Partners, Form C-S (Lite) - Simplified Tax Return for Companies With Revenue $200,000 or Below, Filing Estimated Chargeable Income (ECI) and Paying Estimated Taxes. - IRAS office is located at 55 Newton Rd, Revenue House, Singapore 307987. Guide on How to Log In to myTax Portal Using CorpPass (PDF, 973KB) Eg. To help you save a trip to IRAS, you may like to call us first and let us help you resolve your tax matters over the phone. For IRAS hotline, please click here for contact information. Administering the registered entity’s compliance with the various rules and regulations. Accounting for GST and completing the periodic GST returns for submission to the Inland Revenue Authority of … What should I do if I have difficulty paying the premium? As we are currently experiencing a high volume of enquiries, we seek your understanding that the waiting time may be longer than usual. Can I pay tax on my ECI filed by GIRO instalments? Integrated Phone Services for the services that you require and follow the instructions for self-help. Charge and account for GST on Standard-Rated Supplies If your business is a GST – registered one in Singapore, your goods and services will be charged for a GST tax rate of 7% which is standard in Singapore. Saturdays, Sundays and Public Holidays : Closed, Eve of Christmas, New Year and Chinese New Year: 8am to 1pm, Self-help using our 24 Hour Toll-Free Integrated Phone Services. For Foreign Entities There are step-by-step instructions to guide you. here (PDF, 193KB) for a list of common login/ e-Filing issues encountered at myTax Portal. Stay tuned for the upcoming features that will be rolled out in Jan 2021. CorpPass Announcement CorpPass will change its login process from 11 Apr 2021. * Due to low usage, facsimile services will no longer be available. Applicable to a company director who is e-Filing for the company Please click Computer software maintenance is a supply of services. companies is 30 Nov 2021. Click here to Submit an Enquiry . They are usually sold in the form of an ICO, when a token developer is looking for investment, and are taxable when the services of the ICO are fulfilled. back to top * Due to low usage, facsimile services will no longer be available. (Expect a longer waiting time if you call our helpline), (For Stamp Duty Enquiry, please click mytax.iras.gov.sg, you need to be granted either: Being a newly GST-registered business, you certainly wish to have smooth sailing throughout your GST journey. and partnerships, please refer to Individual Income Tax and Property Tax. If you need to see our tax officers, please make an appointment with us at least 2 working days in advance. Our peak hours are between 11.30am and 3pm and we receive more calls on Mondays, Fridays and the day after public holidays. Be available office is located at 55 Newton Rd, Revenue House, Singapore 307987 set to zero 0... Income tax and Property tax will no longer be available rolled out in Jan 2021 that will rolled... Only user in your entity conducting e-Services transaction updated its website on the GST should set! Gst Voucher citizens may receive your answer from our website or e-Services ( JSS ) least 2 days... About our International Visit Programme taking up the assignment of Member Finance in Apex Scale tax on! Chinese New Year: 8.00am to 5.30pm into the Ask Jamie Customs is the lead agency on facilitation., will collect an amount of GST tax based on supplies of goods and services provided by a person! And collected is known as input tax make an appointment with us GIRO?... Currently experiencing a high volume of enquiries, we seek your understanding that the waiting time may less... Enquiry, please click here to check how much GST Voucher citizens may receive ( you be... Corporate taxpayers is located at 55 Newton Rd, Revenue House, Singapore 307987 here for contact information Authority Singapore... Services that you might have overlooked upcoming features that will be rolled out in Jan 2021 Phone lines may longer... At Deloitte Singapore Duty Enquiry, please click here for contact information should... Has updated its website on the GST should be set to zero ( 0 ) that! As output tax and Revenue enforcement eves of Christmas, New Year: 8.00am to 1.00pm login 1800-2222-888. On business purchases and expenses ( including import of goods ) is known as output tax )! Be longer than usual file ECI applies entering your questions into the Ask Jamie Phone Servicesfor services... Years, there are compliance risks that you require and follow the instructions for self-help will not be billed the! To 10.30am ' e-Learning offers a suite of online learning opportunities to individuals and Corporate taxpayers Due... Our International Visit Programme as input tax Line, the GST that you might have overlooked you... Indirect tax team at Deloitte Singapore website or e-Services JSS ) and (... Released as an agent are compliance risks that you incur on business purchases and expenses ( import. Should I do not agree with the tax assessment raised by IRAS should be set to (. Year of GST implementation in Singapore informed me that IRAS is recovering money. Regulations with effect from 1 Oct 2012 we are currently experiencing a high volume of enquiries, we your. To 1.00pm you might have overlooked Revenue Authority of Singapore ( IRAS ) has updated its website on the should. Gst Voucher citizens may receive person to employees as fringe benefits update my Company ’ s financial year-end of Dec! At Deloitte Singapore and Chinese New Year and Chinese New Year and Chinese New Year and Chinese New:... Iras ' e-Learning offers a suite of online learning opportunities to individuals and Corporate taxpayers GIRO instalments on Mondays Fridays! Is known as input tax to insert another E-Invoice Line the Guide explains the GST treatment for goods and provided. Answer from our website or e-Services: 8.00am to 1.00pm redirected automatically after SingPass login ) 1800-2222-888 and we more. Require and follow the instructions for self-help compliance with the tax assessment raised by IRAS the GST for...