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Singapore Tax Information

9% GST

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

SaaS Services to Invoice

  • Monthly subscription
  • Annual subscription
  • Usage-based charges
  • Overage fees
  • Add-on features
  • Setup fees
  • Enterprise licensing

Invoice Requirements in Singapore

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

Payment Terms

Prepaid monthly or annually. Enterprise contracts may be Net 30.

ImmediateNet 14Net 30Net 60

Payment Methods in Singapore

Bank TransferPayNowGIROCredit CardPayPal

SaaS Invoice Tips

  • Include subscription period
  • Show plan details
  • Detail overages separately
  • Reference account ID
  • Include next billing date

Frequently Asked Questions

What tax rate applies to saas 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 saass in Singapore?

Common payment methods in Singapore include: Bank Transfer, PayNow, GIRO, Credit Card, PayPal. Prepaid monthly or annually. Enterprise contracts may be Net 30.

What should saas invoices include in Singapore?

Your invoice should include: GST registration number, UEN, Business address, Client details. For saas services specifically, also include: Monthly subscription, Annual subscription, Usage-based charges.

How should SaaS companies invoice?

Include plan name, billing period, base price, overages, and total. Reference account ID.

How to handle usage-based billing?

Track usage throughout period. Invoice base plus overages with usage details.

When is GST registration required?

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