Goods and Services Tax (GST) - Key GST changes for Budget 2018

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Pui Ming Soh

1 Feb 2018
Subject Tax alert
Categories Indirect Tax alert
Jurisdictions Singapore

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  • Indirect tax alert - Key GST changes for Budget 2018 (pdf)

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The proposal to increase the GST rate and the introduction of GST on imported services were the key GST changes announced in Budget 2018.

The Singapore government plans to raise GST by two percentage points from 7% to 9% sometime in the period from 2021 to 2025.

The exact timing of the GST increase will depend on the state of the economy, how much Singapore’s expenditures grow and how buoyant are the existing taxes.

GST on imported services will also be introduced with effect from 1 January 2020.

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