The Inland Revenue Authority of Singapore (IRAS) has published updated guidance on the upcoming changes in the GST rate as announced in the 2022 Budget, which includes an increase in the GST rate from 7% to 8% from 1 January 2023 and to 9% from 1 January 2024. This includes an updated IRAS e-Tax Guide, 2023 GST Rate Change: A Guide for GST-registered Businesses (Third Edition), with further clarification on the price display requirements, and an updated Frequently Asked Questions for Businesses – GST rate change 2023, with additional questions.
Source Orbitax
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