Goods and Services Tax in Singapore is one of the most business-friendly taxation systems in the world, because of its low tax rate. Although filing GST returns is quite easy as compared to the other countries, it can still be a little complicated for some entrepreneurs, especially for those who not have accounting skills as their forte. However, it cannot stop them from doing business in Singapore; much thanks to the accounting firms in Singapore as by availing their accounting services, Singapore’s companies can breathe a sigh of relief. Even though the accounting services, Singapore’s companies get from the accounting firms in Singapore are reliable, it’s always good to know how they file your GST returns. Companies are required to submit a return (GST F5), if they are GST-registered companies, to the tax authorities based on their cycle of accounting, which usually needs to be done quarterly. The accounting firms in Singapore will indicate the total value of their exports, ...