- There will be several changes in Singapore’s goods and sales tax regime for 2021 onwards that businesses should be aware of.
- The GST hike will not happen in 2021 and will remain at the seven percent rate. Businesses should expect an increase to nine percent between 2022 and 2025.
- Low-value goods bought online and imported by air or post will now be liable for GST from January 2023.
Source: aseanbriefing.com
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