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Estimate Invoice for Singapore

Estimate Invoice Template for Singapore

An Estimate Invoice Template under Singapore law is a formal business document that provides a detailed projection of costs for goods or services before their delivery. It complies with Singapore's GST requirements, consumer protection laws, and electronic transaction regulations, while incorporating necessary business registration details and tax considerations. This document serves as a preliminary pricing agreement and typically includes itemized costs, terms, and conditions.

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What is a Estimate Invoice?

The Estimate Invoice Template is a crucial business document used in Singapore when providing prospective clients with cost projections before finalizing a transaction. It serves as a professional quote that outlines expected charges, terms, and deliverables while adhering to Singapore's regulatory requirements, including GST regulations and ACRA guidelines. This document is particularly important for businesses needing to provide detailed cost breakdowns while protecting their interests through clear terms and conditions. The template should be structured to accommodate both GST-registered and non-registered businesses, with appropriate disclaimers about the estimate's validity period and conditions for potential price variations.

What sections should be included in a Estimate Invoice?

1. Company Information: Legal business name, registration number, address, contact details

2. Client Information: Client's name, address, contact details

3. Estimate Details: Estimate number, date, validity period

4. Item Description: Detailed breakdown of products/services with quantities and unit prices

5. Pricing Summary: Subtotal, GST (if applicable), total amount

6. Terms and Conditions: Payment terms, estimate validity, disclaimers

What sections are optional to include in a Estimate Invoice?

1. Project Timeline: Estimated delivery or completion dates for service-based estimates or multi-phase projects

2. Additional Costs: Potential additional charges or variables that might affect the final price

3. Warranties: Product or service warranties and guarantees offered

What schedules should be included in a Estimate Invoice?

1. Detailed Specifications: Technical details or specifications of products/services for complex offerings

2. Terms of Service: Complete terms and conditions document for comprehensive service agreements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Invoice Form

Sector

Sales

Cost

Free to use
Relevant legal definitions




















Clauses




















Industries

GST Act: Goods and Services Tax regulations including GST registration requirements (mandatory >SGD 1M turnover), display of GST number, and correct GST calculation (8%, increasing to 9% in 2024)

Income Tax Act: Requirements for valid tax documentation and record keeping, including minimum 5-year retention period for business records

Electronic Transactions Act: Regulations governing electronic documents and signatures, ensuring validity of electronic estimate invoices

Consumer Protection (Fair Trading) Act: Requirements for clear pricing, transparent charges, and prevention of misleading representations in business transactions

Singapore Contract Law: Fundamental contract law principles including essential elements of valid contracts, terms and conditions, and payment terms

Personal Data Protection Act (PDPA): Regulations on handling customer personal data and data protection obligations for businesses

ACRA Requirements: Accounting and Corporate Regulatory Authority requirements including business registration number display and proper company detail disclosure

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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