In Singapore, a company is required to register for Goods and Services Tax (GST) when its taxable turnover at the end of the calendar year is more than $1 million or it expects its annual taxable turnover to exceed $1 million within the next 12 months. However, companies may also be required to register for GST under other factors.  Failure to register may result in hefty fines and legal consequences. It's important for businesses to understand their GST obligations to avoid any penalties and ensure smooth compliance with tax laws.

Companies may also opt for voluntary registration. 

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