Singapore GST rise to 8% from Jan 2023 approved by parliament

30 November 2022

In November 2022, the Singaporean parliament confirmed that it will increase the Goods and Services Tax rate in the country for the first time in 15 years.

The increase will see the rate rise from 7% to 8% from January 2023; and then a further increase to 9% from January 2024.

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