FAQs / Does Singapore have any value added tax or general sales tax? Yes. The sales tax in Singapore is called Goods and Services Tax (GST). The current GST rate is 7%. Only GST-registered businesses are allowed to levy the GST on their sales or invoices. Posted in: GST FAQs Suggested Readings Singapore General Partnership Registration Guide What is Annual General Meeting? The Business Owner’s Guide to Annual General Meetings Is it easy to open a corporate bank account in Singapore?