For GST-registered businesses, correctly accounting for Goods and Services Tax (GST) when recovering expenses from third parties, particularly related companies or customers, is a common compliance challenge. This is the first part of our series clarifying the rules, focusing on reimbursements that are separate from a primary supply.  The Fundamental Distinction: Reimbursement vs. Disbursement  Before you apply any GST  treatment, the critical first step is to determine the n

For any GST-registered business  in Singapore, invoicing isn't just an administrative chore—it's a fundamental part of tax compliance. The Inland Revenue Authority of Singapore ( IRAS ) regularly reminds businesses that issuing the correct billing documents is crucial, especially since these invoices are the primary documents your GST-registered customers rely on to claim their input tax . Failing to comply with the invoicing rules can be an expensive mistake, potentially lea

Goods and Services Tax (GST) is an essential part of doing business in Singapore. Whether you’re a startup or an established company,...