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Singapore GST rate to increase to 8% from January 1, 2023

The long-awaited GST rate rise has been confirmed in the Singapore Budget 2022. The future rate rise had originally been announced in Budget 2018, but a phased approach is now confirmed with the rate of GST first increasing to 8% from January 1, 2023 and then to 9% from January 1, 2024.

Source Avalara

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