Overview of Singapore GST (Goods and Services Tax) Supported in Kintsugi

What is Singapore GST?

Singapore levies a Goods and Services Tax (GST) — a broad-based consumption tax administered by the Inland Revenue Authority of Singapore (IRAS). It applies to the sale of most goods and services made in Singapore, including digital and remote services sold to Singapore customers by overseas businesses.

The current standard GST rate is 9%, effective from January 1, 2024.

What does Kintsugi support for Singapore?

Kintsugi supports the following for Singapore:

• Nexus monitoring — Track all three types of GST nexus (physical, economic, and collected tax) within the platform.

• GST registration — Submit a new GST registration request or import an existing registration directly from Kintsugi.

• Tax engine — Automatically calculate and apply the correct GST rate on B2B SaaS and B2C SaaS transactions.

• Filings — Prepare and file your quarterly GST returns through Kintsugi.

Note: At this time, Kintsugi supports the B2B SaaS and B2C SaaS product categories for Singapore. Support for additional product categories is on the roadmap.

What registration schemes does Kintsugi support?

Kintsugi supports both of Singapore's GST registration routes:

• Standard GST Registration — For businesses with a physical presence in Singapore.

• Overseas Vendor Registration (OVR) — Simplified Pay-Only Regime — For non-resident businesses selling remote services or low-value goods to Singapore consumers (B2C).

Who administers GST in Singapore?

All GST registrations, filings, and payments in Singapore are handled through IRAS (Inland Revenue Authority of Singapore) via the myTax Portal at mytax.iras.gov.sg.

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