As a GST-registered business, we will be charging the following GST rates as per the Singapore Government’s guidance. Your invoices Invoices dated before 1 Jan 2024 All goods and services billed in 2023 and paid* in full by 31 December 2023 will be subject to the current GST rate of 8...
To assist Singaporeans in coping with the impact of the GST rate hike, the Government enhanced the Assurance Package to over SGD10 billion in September 2023. This ensured that the AP will continue to offset additional GST expenses for the majority of Singaporean households for at least five yea...
About Singapore’s GST rate change In the Singapore Budget 2022, the Minister for Finance announced that the GST rate will be increased from: (i) 7% to 8% with effect from 1 January 2023; and (ii) 8% to 9% with effect from 1 January 2024. For more information, please refer to ...
As you may be aware, Singapore’s Goods and Services Tax (GST) rate will increase from 7% to 8% from 1 January 2023. Correspondingly, the GST rate applicable to all Standard Chartered Credit Cards annual fee will increase to 8% from 1 January 2023. Please refer to the list of Standard...
Meaning if an Invoice or Bill is entered as 1 Jan 2023 onwards, the 8% GST rate will be available for selection. Users do not need to create a new GST rate or edit the current GST rate. 2 Cheer Reply mvit Level 1 December 02, 2022 07:15 PM Thanks LBTPS. You are ...
Singapore Real Estate Property Tax The tax is imposed on owners of land and buildings in Singapore. The 0%-20% tax rate is imposed on the assessable value of the property. The rates for private residential property are : Non owner property-10%-20%. ...
Revision of GST rate from 8% to 9% for Credit Card Annual Fee and Transfer Fee with effect from 1 January 2024 Dear Clients, As you may be aware, Singapore’s Goods and Services Tax (GST) rate will increase from 8% to 9% from 1 January 2024. In line with that, the GST rate ...
For imports, GST registered businesses should claim input tax based on the Singapore dollar amounts shown in the import permits issued by Singapore Customs. Updates:GST rate increases in 2023 and 2024 Singapore willraise GST to 8% from 1 January 2023 and to 9% from 1 January 2024. ...
For more details, please refer to the website of the Singapore Revenue Authority. Changes to GST on low-value imported goods GST second rate changeThe time of payment will differ depending on the content of the package In cases where the total price of goods is less than 400 SGD tenso...
Singapore GST is a tax charged on the supply of goods and services made in Singapore and on the importation of goods into Singapore. The current rate forGST is 8%, and will increase to9% from January 2024. What Goods and Services Are Subject to GST?