Singapore GST Calculator 2024
Calculate Goods and Services Tax (GST) at standard 9% rate.
Introduction
🎯 What
Singapore GST Calculator 2024 calculates Goods and Services Tax (GST) payable or inclusive amount at the standard rate of 9%.
👥 Who
Businesses, Online sellers, Service providers, Importers, and Consumers checking GST-inclusive prices.
💡 Why
To easily calculate GST payable, GST-inclusive prices, and GST-exclusive amounts for compliance and billing accuracy for 2024.
🧾 Transaction Details
Standard 2024 Rate (Effective 1 Jan)
💵 Tax Summary
Calculation Breakdown
Singapore GST Overview (2024)
GST Rates 2024
- ● Standard Rate: 9% (Increased from 8% on 1 Jan 2024)
- ● Zero-Rated (0%): Exports of goods and international services.
Exempt Supplies
- ● Nature: No GST is charged on exempt supplies.
- ● Examples: Financial services, sale and lease of residential properties, digital payment tokens.
Calculation Examples
Example 1: GST Exclusive
Details:
- • Amount: S$1,000
- • GST Rate: 9%
Calculation:
- • GST: S$1,000 × 9% = S$90
- • Total Price: S$1,090
Example 2: GST Inclusive
Details:
- • Inclusive Amount: S$1,090
- • GST Rate: 9%
Calculation:
- • GST: S$1,090 × 9 / 109 = S$90
- • Exclusive Amount: S$1,000
Frequently Asked Questions
Q: What is the GST rate in Singapore for 2024?
A: 9%. The rate increased from 8% to 9% on 1 January 2024.
Q: Is GST applicable on exports?
A: Exports are generally zero-rated (0% GST).
Q: Does this calculator handle input tax credit?
A: No, this calculator determines output GST only.
Q: Is GST rounded?
A: Yes, GST amounts are typically rounded to 2 decimal places.
Disclaimer: This Singapore GST Calculator 2024 is for informational and Google AdSense purposes only. GST rules are based on general IRAS guidelines. Actual GST treatment may vary. ANTIGRAVITY does not provide tax or legal advice.