• Get in Touch

    Speak to an expert to get international VAT advice +44 (0) 203 713 3535

    "*" indicates required fields

    This field is for validation purposes and should be left unchanged.











    • Singapore VAT News - UK Based Global VAT and Tax Compliance Consultants
    27
    Jun

    Singapore- GST To increase Up To 8% from January 1st, 2023


    The  GST rate rise has been confirmed by the Singapore authorities. The future rate rise had originally been announced in Budget 2018, but a phased approach is now being confirmed with the rate of GST first increasing up to 8%, effective  from January 1, 2023 and then up to 9% from January 1, 2024.

    All business with activity in Singapore should consider the following:

    – Ensuring customers, suppliers and employees are aware of the change and the impact on them and GST sensitive processes.

    – Make sure the relevant changes are made to their ERP and Billing systems.

    – Take into consideration the impact of pricing and whether GST is passed on to customers.

     


    Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
    Cookie Settings

    This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

     

    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.