GST hike

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

Shopping sentiment expected to increase this year as the government delays GST hike for another year.

In other news, investments in Singapore’s FinTech industry hit five-year high in 2021 at US$3.94 billion, says KPMG.

"To do so, we will need to invest more in our people and our social infrastructure," says Wong in a Facebook post.

According to KPMG, there is never a “good time”, but the hike is more acceptable during a period of economic growth.

SINGAPORE (Mar 1): The impending GST hike from 7% to 9% in 2021 was a major news point from the recent flurry of Budget-related news. However, a survey of SMEs by DBS shows that three out of four of these local companies are unfazed with the potentially h

SINGAPORE (Feb 21): Credit Suisse is raising its 2018 GDP growth forecast for Singapore to 3.3% on the back of expectations of higher private consumption growth following the 2018 Budget announcement on Monday.

SINGAPORE (Feb 20): Singapore said its sales tax will rise to 9% from 7%, but the change will only come "sometime" between 2021 and 2025, making it likely that the increase would kick in after the city-state's next general election.

SINGAPORE (Nov 29): At the recent People’s Action Party (PAP) convention on Nov 19, Prime Minister Lee Hsien Loong said that “raising taxes is not a matter of whether, but a matter of when”.