Taxes
Singapore — Tax: VAT
Singapore's VAT equivalent is the Goods and Services Tax (GST), currently at a standard rate of 9%, effective since 1 January 2024 (the final step of a phased increase from the previous 7-8% rates). GST applies broadly to most goods and services, with limited exemptions (e.g. financial services, residential property sales/leases, and most exported goods/international services, which are zero-rated).
VerifiedGovernment / official sourceInland Revenue Authority of Singapore (IRAS)Last reviewed: 2026-07-20
Key facts
- Standard GST rate: 9%, in effect since 1 January 2024.
- GST applies broadly to most goods and services with limited exemptions.
- Financial services and residential property sales/leases are GST-exempt; exported goods and most international services are zero-rated.
- The 9% rate was the final step of a phased increase from earlier 7-8% rates.
Required documents
- GST registration (mandatory above SGD 1 million annual taxable turnover)
Common mistakes
- Using outdated pre-2024 GST rate figures (7% or 8%) — the current standard rate is 9%.