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good and services tax (GST)
Budget 2022
Singapore's GST to be raised to 8% in 2023 and 9% in 2024; Minimum Effective Tax Rate for corporates to be explored
The last time Singapore raised its GST was from 5% to the current 7% in July 2007.
February 18, 2022
Singapore economy
Singapore posts rebound in 2021 GDP, just before impending GST hike
Gross Domestic Product growth in 2021 was driven mainly by the manufacturing, finance and insurance and wholesale trade sectors
February 17, 2022
Budget 2022
With inflationary pressure, GST hike will bite but balance will be struck
Things are already so expensive, I am scared that they will become more expensive over time, especially when GST goes up: retiree
January 29, 2022
Singapore economy
Is now the right time to raise Singapore’s GST? This and other questions posed by KPMG
According to KPMG, there is never a “good time”, but the hike is more acceptable during a period of economic growth.
January 11, 2022
Singapore economy
PM Lee signals new GST hike details to come in Budget 2022
“Now that our economy is emerging from Covid-19, we have to start moving on this.”
December 31, 2021
Singapore economy
GST hike to go ahead as planned
GST was introduced by Singapore back in 1994 at 3%
October 05, 2021
In print this week
What huge surpluses mean for Singapore's future
SINGAPORE (Mar 1): Singapore may have accumulated an estimated surplus of $15 billion during the current term of government, but this does not indicate an upcoming spending spree.
March 01, 2019