Overview of GST Rate Change from 8% to 9% with effect from 1 January 2024
Come 1 January 2024, the GST rate will be increased from 8% to 9%, as part of the two-step GST rate change announced by the Minister for Finance in Budget 2022. To ensure a smooth transition to the new 9% GST rate, the IRAS has issued guidance in its website which can be accessed here. […]