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Singapore Tax Information

9% GST

GST is 9% (2024). Registration mandatory above S$1 million turnover. UEN required.

Contractor Services to Invoice

  • Labor charges
  • Material costs
  • Equipment rental
  • Permit fees
  • Subcontractor work
  • Change orders
  • Warranty work

Invoice Requirements in Singapore

GST registration number
UEN
Business address
Client details
GST amount
Total in SGD

Payment Terms

Progress billing at milestones. Retain 5-10% until final inspection.

ImmediateNet 14Net 30Net 60

Payment Methods in Singapore

Bank TransferPayNowGIROCredit CardPayPal

Contractor Invoice Tips

  • Break down materials and labor
  • Reference permits
  • Document change orders
  • Include lien waiver language
  • Track progress payments

Frequently Asked Questions

What tax rate applies to contractor invoices in Singapore?

Singapore has 9% GST. GST is 9% (2024). Registration mandatory above S$1 million turnover. UEN required.

What payment methods are common for contractors in Singapore?

Common payment methods in Singapore include: Bank Transfer, PayNow, GIRO, Credit Card, PayPal. Progress billing at milestones. Retain 5-10% until final inspection.

What should contractor invoices include in Singapore?

Your invoice should include: GST registration number, UEN, Business address, Client details. For contractor services specifically, also include: Labor charges, Material costs, Equipment rental.

How should contractors bill for projects?

Progress invoicing at milestones. Break down labor, materials, and subcontractor costs.

How do contractors handle material markup?

15-25% markup is standard. State policy in contracts.

When is GST registration required?

Mandatory if taxable turnover exceeds S$1 million in 12 months.