Singapore News - By now, Singaporeans will be aware of the goods and services tax (GST) rate increase that kicked in with the new year. But that is. Read more at www.tnp.sg
By now, Singaporeans will be aware of the goods and services tax (GST) rate increase that kicks in with the new year. But that is just one of a number of changes – ranging from taxes on low-value imported goods to Central Provident Fund (CPF) contributions for older workers – that take effect from Jan 1.
SINGAPORE By now, Singaporeans will be aware of the goods and services tax (GST) rate increase that kicks in with the new year. But that is just one of a number of changes ranging from taxes on low-value imported goods to Central Provident Fund (CPF) contributions for older workers that take effect from Jan 1. The Straits.
The goods and services tax (GST) rate will be raised from 7 to 8 per cent from January next year and to 9 per cent from 2024. From next year, the new rate will also apply to any item valued up to $400, defined as low-value goods, bought from GST-registered sellers or platforms, such as e-commerce sites, and imported into.