20 July 2017
The Inland Revenue Authority of Singapore (IRAS) has updated its webpage on the conditions for claiming GST incurred before registration, to include a downloadable checklist to assist in computing the amount of pre-registration GST claimable.
IRAS has encouraged businesses to utilize the calculator function within the checklist, to determine the amount of pre-registration GST claimable, if they are unfamiliar with the pre-registration GST rules.
Businesses are not required to submit the completed checklist, but are advised to maintain the document as part of their records.
Source: Inland Revenue Authority of Singapore (IRAS)