Singapore is increasing its Goods and Services Tax rate for the first time in 15 years announced today in the 2022 Budget. It will be in two steps:
- January 2023 rise from current 7% to 8%; and
- January 2024 rise to 9%.
Source: vatcalc.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
