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So, you've heard about the GST Voucher, and you're thinking, "Sweet! Some extra cash could do wonders." But let's be real most of us are clueless about how much we're getting and when the government is sliding that money into our wallets. Eligibility? Don't even get us started. In a world where just staying alive is getting pricier, we're.
Everything is going up in price, so it comes as little surprise that property taxes are too. Rising Annual Value (AV) will apply to most homes across the board; but it’s the higher-end properties that will see the biggest impact. It may also bear consequences for tenants, as landlords may pass down the costs. Here are the possible consequences ahead:.
During the Budget 2023 statement in February this year, Deputy Prime Minister Lawrence Wong announced a suite of support measures to allay inflation concerns. He said that these measures were to help Singaporeans tide through this period of higher inflation and cushion the impact of the new GST rates. "On average, for lower-income households, the enhancements will fully cover the.
Income earned from renting residential property is taxed under the head Income from House Property under Income Tax Act and is subject to tax based on the gross annual value