-
Singapore has confirmed a GST Voucher scheme offering cash payouts to offset the regressive impact of consumption taxes, similar to welfare approaches in Canada, Japan, and Uzbekistan’s automated discounts.
-
Over 1.5 million Singaporeans earning below S$39,000 annually will receive S$850 in July, targeting support to lower-income citizens disproportionately affected by GST on essential goods.
-
The income eligibility threshold for GSTV – Cash will rise from S$34,000 to S$39,000, reflecting wage growth among lower- and middle-income Singaporeans, according to the Ministry of Finance.
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
