As announced in Budget 2022, the permanent GSTV scheme was improved to provide ongoing offsets for the GST expenses of lower- to middle-income households, as well as most retiree households, beyond the transitional period covered by the Assurance Package. Eligible households including lower to midd...
SingPost to Adjust Postage Rates to Meet 2023 and 2024 GST Increases and Exceptional Cost Increases Read More 08 Dec 2022 SingPost commemorates opening of the Children’s Museum Singapore with stamp issue Read More 15 Nov 2022 Commemorative stamps to mark 50th anniversary of Singapore-Bangladesh ...
In Budget 2018, it was announced that the current goods and services tax (GST) rate of 7% will increase to 9%, sometime between 2022 and 2025. The proposed increase is now slated to happen but in two phases. With effect from January 1 2023, the GST rate will increase from 7% to ...
Singapore is a small country, making brick-and-mortar retail more accessible than in other larger nations. Customs and import regulations for exporting to Singapore Singapore Customs applies an 8% tax on all shipments. This is known as ‘GST’ (Goods and Services Tax). Some goods also ...
Apart from fees and tax payable as discussed above (i.e. questions 3.9 and 6.1), the provision of certain services, for example, the provision of guarantee services, may be subject to Goods and Services Tax (GST) in Singapore if the provider of the service is registered for GST purposes ...
1. Goods and Services Tax (GST) In February 2022, the Singapore government announced that the GST rate will be raised from 7% to 9% by 2024. This will occur in two stages, with a one-percentage point increase each time on 1 January 2023 and 1 January 2024. Both domestic purchases an...
If you are based in Singapore, your location will be based on your GST Registration Number, billing or contact address. If you have a consolidated billing family, please note that each account is assessed individually: linked accounts do not inherit the Tax Address or the TRN of the payer ...
Goods and services tax (GST) is a consumption tax levied on imported goods and supply of goods and services in Singapore at a prevailing rate of 7%. Standard rate supplies and zero-rated supplies are taxable profits, while exempt supplies and out-of-scope supplies are non-taxable supplies. ...
Supreme Court Stays GST Notices Against Online Gaming Companies Sakshi Sadashiv KonJanuary 13, 20253minute read The Supreme Court (SC) hashaltedproceedings related to show cause notices issued by the Directorate General of GST Intelligence (DGGI) to online gaming companies and casinos, The Economic ...
Singapore will increase its GST from 7% to 9% February 21, 2022 10 Reasons Why Business Outsourcing Is A Great Idea January 1, 2022 Learn More About Withholding Tax Treatment of Specific Payments October 1, 2021 Learn More About Transfer Pricing Administration in Singapore September 1, 2021...