GST hike

Will the GST rate hike exacerbate Singapore inflation?

The headline and core inflation climbed to multi-year highs in May 2022.

Will the GST rate hike exacerbate Singapore inflation?

The headline and core inflation climbed to multi-year highs in May 2022.

Gov’t to push through with GST increase despite rising inflation

The GST will be increased from 7% to 8% on 1 January 2023, and to 9% on 1 January 2024. 

Why GST hike should push through despite rising goods prices

The country’s social expenditures are also going up exponentially, say experts.

Raising GST for fiscal sustainability

Singapore’s Goods and Services Tax (GST) rate will be raised from the current 7% to 8% on 1 January 2023 and again from 8% to 9% on 1 January 2024, as announced by the Finance Minister in his Budget 2022 speech.

Chart of the Day: Rate of Singapore GST hike over the years

The hike implementation originally scheduled in 2022 was moved to 2023.

What do the Big Four have to say about the Singapore Budget 2022?

Businesses were urged to plan ahead as GST rate hike gets delayed.