Overview of GST Rate Change with effect from 1 January 2023

GST Rate Increase in Two-Step Approach The Minister for Finance Singapore has recently announced in the Singapore Budget 2022 that the envisaged GST rate increase will be carried out in a two-step approach: From 7% to 8% with effect from 1 January 2023; and From 8% to 9% with effect from 1 January 2024. To […]