GST on Customer Accounting for Prescribed Goods

Starting from 1 January 2019, customer accounting for prescribed goods has been implemented in Singapore. The intention behind this GST update was to prevent fraud schemes where sellers mishandle the GST collected even though other businesses in the supply chain claim the input tax. Prescribed goods include items such as off-the-shelf software, mobile phones, and…

Personal Tax Reliefs in Singapore

The Singapore government rewards and compensates individuals for their efforts with various personal tax reliefs and rebates. These reliefs and rebates are used to encourage family formation and filial piety, as well as certain skills development for individuals serving in the National Service or saving for retirement.   Need help with your personal income tax?…

How to Start a F&B Restaurant Business in Singapore

Before a restaurant can be set up in Singapore, the start-up phase of a F&B restaurant business will involve the following aspects: Company Incorporation Food Shop License Halal Eating Establishment Scheme Hiring Staff and CPF Registration Liquor License Entertainment License GST Registration Registration to import food Appliances and Processed Food Products   Company Incorporation The…

How to Start a Cafe Business in Singapore

The food and beverage industry captures a lucrative market. Especially in Singapore, it is a booming industry. Heart of Asia, Singapore caters to locals and visitors with a diverse palette of mouth-watering delicacies. This comprehensive guide is tailored to entrepreneurs looking to take advantage of Singapore’s vibrant food scene by establishing a cafe business.  …