> Doing Business in Singapore > About Singapore Tax > Goods And Services Tax (GST) > Why Should I Register

Why Should I Register?

  • Most businesses register for GST to claim back the GST incurred on their business purchases.
  • When GST paid exceeds GST collected, the difference can be claimed from IRAS as a GST refund.
  • When GST collected exceeds GST paid, you have to pay the difference to IRAS.
  • When GST rate increase, it may make business sense to voluntarily register to collect GST in order to claim back GST incurred on business purchases.

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