CPF/GST Registration



GST Registration:
 
GST is a broad-based consumption tax levied on the imported goods as well as nearly all supplies of goods and services in Singapore.
 
Compulsory Registration:
 
GST registration liability depends on the value of your taxable turnover. This refers to the value of goods and services supplied by a company which are regarded as taxable supplies for GST purposes.
 
GST Registration is compulsory for the following cases:

  • ● Company’s taxable turnover at the end of the calendar quarter (i.e. 3 months ending Mar, Jun, Sep or Dec) prior to 1 Jan 2019 and the past three quarters is more than $1 million. Company needs to monitor at the end of every calendar quarter and register for GST if taxable turnover for the past 12 months exceeds $1 million.
  • ● Your taxable turnover at the end of any calendar year on or after 1 Jan 2019 is more than $1 million. From 1st January, 2019 onward taxable turnover will be calculated on calendar year basis, for computation of registration liability. If expected turnover of next 12 months is more than 1 million then Company has to register for GST. Company can register for GST voluntarily even though turnover is less than 1 million.

CPF Registration
 
All employers are required to apply for a CSN to make CPF contribution as soon as they intend to hire any employee who is a Singapore Citizen or Singapore Permanent Resident. You should apply to e-submit your CPF contribution details using CPF e-Submit@web as soon as you intend to hire your first employee. To apply, you will need your SingPass/CorpPass and entity’s Unique Entity Number (UEN) Once your application is approved, you will be notified via email. You will also receive a hardcopy welcome letter which contains your CPF Submission Number (CSN) and a Direct Debit Authorisation form.

Please quote your CSN when transacting with the Board e.g. paying CPF contributions or corresponding with us. You have a grace period of 14 days to pay the CPF contributions after the end of the month for which CPF contributions are due. If the last day of the grace period falls on a Saturday, Sunday or Public Holiday, CPF must be paid by the next working day. After your payment has been processed, you will receive an email notification to view the electronic Record of Payment (eROP) from our website. Please note that a hardcopy ROP will not be sent. Please check your eROP and inform the Board immediately of any discrepancy. The eROP should be kept for future reference. If you have misplaced the ROP and need a re-print, a service charge is payable

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Our policies and practices may change at any time without notice. Details of properties are provided from information received, and their accuracy cannot be guaranteed.

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