The Inland Revenue Authority of Singapore (IRAS) has recently issued an informative e-tax guide specifically tailored for businesses registered under the Goods and Services Tax (GST) system. The focus of this comprehensive guide is on the anticipated GST rate change scheduled for 2024. The announcement made in Budget 2022 highlighted the incremental increase of the GST rate from 8% to 9%, set to take effect on January 1, 2024.
Source: globalvatcompliance.com
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