The government is planning to increase the GST rate to nine percent between 2021 and 2025. The main justification for this rise is to fund future infrastructure projects and increase social spending on social welfare.
Source: aseanbriefing.com
Latest Posts in "Singapore"
- Singapore Clarifies GST Registration: New FAQs on Thresholds, Special Cases, and Business Implications
- IRAS Updates FAQs on GST Registration Requirements for Businesses in Singapore, August 2025
- Comprehensive Guide to GST in Singapore: Concepts, Administration, and Schemes (16th Edition)
- IRAS Updates GST Guide for Businesses: Key Changes and New Self-Assessment Requirements
- Singapore Updates GST General Guide for Businesses in Relation to the Gross Margin Scheme
