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Singapore GST rate change to be implemented on January 1, 2023

Last Modified 2022-11-03

The Singapore Finance Minister, Mr. Lawrence Wong, had announced in the 2022 budget on February 8, 2022, that the goods and services tax (GST) rate change will be implemented in two stages. The first stage, an increase from 7 to 8 percent, will take effect on January 1, 2023.

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