goods and services tax (GST)

IMF says that Singapore’s large fiscal reserves will continue to act as buffers against large shocks.

Raising the GST may be one of the most “fiscally sustainable methods” to increase tax revenue to fund healthcare and social costs.

In his speech, Lee also announced that the government will proceed with the increase in Singapore's GST as planned in 2022.

Singapore’s GST regime has been in the limelight in recent years

Election budget, coronavirus budget -- or both?

“The measures chosen by SMEs to manage the anticipated increase in GST suggest that are looking for ways to mitigate the increase in costs without passing it on to customers,” says Mervyn Koh, UOB’s business banking head in Singapore.

SINGAPORE (Mar 4): Singapore may have accumulated huge surpluses during the current term of government, but that does not indicate an upcoming spending spree. The surpluses will also not be used to stall an impending Goods and Services Tax hike due to hap

SINGAPORE (Feb 18): Singapore Finance Minister Heng Swee Keat will aim to strike a delicate balance in Monday’s budget: preaching fiscal prudence while doling out more social spending ahead of elections that could come as early as this year.

SINGAPORE (May 16): Yesterday, the new Pakatan Harapan (PH)-led government announced that Malaysia’s 6% goods and service tax (GST) will be zero-rated from Jun 1 onwards, effectively abolishing it.

SINGAPORE (May 16): The five-member Council of Eminent Persons, a team of special advisors announced by Malaysia’s prime minister Mahathir Mohamad on May 12, has hit the ground running.