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    1 North Bridge Rd, #11-04 High Street Centre, Singapore 179094

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    Phone us

    Office: +65 6909 5691

    HP: +65 8923 8819

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    email us



Are you aware that Input tax incurred on certain expenses is not claimable?

Input tax incurred on certain expenses is not claimable

For business owners who are GST-registered, you may be eligible to claim the Goods and Services Tax (GST) incurred for your business purchases and expenses. However, when making your input tax claims, remember that the following expenses cannot be claimed as input tax:

1) Medical expenses incurred for your staff unless –

  1. a) the expenses are obligatory under the Work Injury Compensation Act (WICA) or under any collective agreement within the meaning of the Industrial Relations Act (IRA); or
  2. b) the medical treatment in respect of expenses incurred on or after 1 Oct 2021 is provided in connection with any health risk or requirement arising on account of the nature of the work required of your staff or his work environment; and
    1. – the medical expenses are incurred pursuant to any written law of Singapore concerning the medical treatment or the provision of a medical facility or medical practitioner; or
    2. – the medical treatment is related to COVID-19 and the staff undergoes such medical treatment pursuant to any written advisory (including industry circular) issued by, or posted on the website of the Government or a public authority

2) Medical and accident insurance premiums incurred for your staff unless the insurance or payment of compensation is obligatory under the WICA or under any collective agreement within the meaning of the IRA;

3) Costs and running expenses incurred on motor cars that are either:

  1. a) registered under the business’s or individual’s name, or
  2. b) hired for business or private use

4) Benefits provided to family members or relatives of your employees

5) Club subscription fees (including transfer fees) charged by sports and recreation clubs; and

6) Any transaction involving betting, sweepstakes, lotteries, fruit machines or games of chance




We provide:
– Strategic advice to the company’s board of directors
– Virtual Receptionist
– Registered Address
– Leads Qualifications
– Expense Management

Speak with us for a customised solution for your business needs.

Ready to take off and go beyond your borders?
We provide:
Go to market strategy in multiple Asia Markets
Customised prospection: Looking for potential agents, distributors, imports?
Integrated sales to development program to maximise your business growth in the market

Corporate Tax & Goods & Services Tax (GST Singapore) / VAT
Verti provides advice, tax computation and tax filing on your Corporate (ECI, Form C/CS Form) issues, to ensure adherence to regulations.

Personal Tax
If you are a Singaporean, Singapore Permanent Resident or a foreigner who has lived and worked in Singapore for at least 183 days in the tax year, you are required to pay personal taxes on your chargeable income as a tax resident. Non-residents who have lived and worked in Singapore for less than 183 days in the tax year may also be required to pay taxes. The corresponding forms you will have to fill out include:

• Form B1 (individual tax residents)
• Form B (self-employed)
• Form M (non-residents)

Other taxes, that individuals may have to pay, include those imposed on property, rental income, stamp duty, motor vehicles and Central Provident Fund (CPF) contributions.

A corporate secretary needs to be familiar with the Singapore Companies Act and the various
requirements stipulated by the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS).

“Great incorporation gives you a great head start for your business!”
As a gateway to Southeast Asia, Singapore continues to be the leading hub for businesses to gain their presence, be it world’s largest multinational corporations or fast-growing start-ups.

Having us to steer you around with Singapore’s rules & regulations would accelerate your success route in this business-friendly city.

a) For Singapore or Permanent Resident
b) For Foreigner Individual (+ VISA/Work permit related matters for key personnel of the Business)
c) For Foreigner Companies

Subsidiary Company:
Subsidiary Company + Employment Pass
Subsidiary Company + Nominee Director

Branch Office
Branch Office + Employment Pass
Branch Office + Nominee Agents

Representative Office
Singapore Representative Office Setup

Open chat
Hello! Welcome to Verti, we are very excited to have you on board. How can we help you today?