Do bills need to be in the company name, or is a personal name acceptable?

Updated by Lih Shyan Chin

For expense recognition, a personal name is acceptable as long as the business purpose is clear (e.g. staff claim with a short description of purpose).

However, for GST claims, IRAS requires the company's name on invoices above SGD 1,000; below that, a simplified tax invoice (without buyer's name) is sufficient to support a GST claim.


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