The Government will continue with its plans to increase the Goods and Services Tax (GST) to 9 per cent in 2024, but will carefully review and consider whether to go ahead with that if “downside risk were to materialise and our economy is severely impacted” next year, Finance Minister Lawrence Wong said.
Source: singaporelawwatch.sg
Latest Posts in "Singapore"
- GST Updates: Free Parking Exceptions and Overseas Vendor Registration Input Tax Claims
- Singapore GST Registration Rules: Two-Month Grace Period for Prospective Basis from July 2025
- GST Gross Margin Scheme Approval Requirement Removed from July 2025
- GST InvoiceNow Requirement: Mandatory Implementation Timeline for Voluntary GST Registrants
- Briefing document: Singapore GST InvoiceNow business guide
