February 17, 2021
GST will also be extended to imported non-digital services for consumers.
Lianhe Zhaobao
SINGAPORE - The introduction of goods and services tax (GST) on low-value goods purchased online and imported by air or post will raise a lot more revenue for the Government, said experts.
However, how it will be implemented remains to be seen, as there are many factors to consider, such as getting overseas players to register, noted a panel of three discussing the Budget announcements.
The live session jointly hosted by The Straits Times and Money FM 89.3 was moderated by the radio station s presenter Michelle Martin, following the Budget speech by Deputy Prime Minister Heng Swee Keat on Tuesday (Feb 16).