- Overseas vendors required to register if they sell low-value goods of no more than S$400, or provide remote services, to Singapore consumers (including non-GST-registered businesses) effective 1 January 2023.
- Increase in the GST rate to 8% (from 7%) effective 1 January 2023, and then to 9% effective 1 January 2024.
- Arranging of insurance and international transport and overseas accommodation for Singapore consumers will no longer be zero-rated for GST purposes effective 1 January 2023.
Source: KPMG
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