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Managed Rates Administration: Singapore Notification Effective 1st January 2023 and 2024

Sheryl_C
0 0 41

Dear administrator,


Singapore has recently advised a change in GST Rates from 2023 and 2024.

GST Rate Updates - 2023 and 2024

The Standard GST rate for Singapore will be increased in 2023 and 2024 as follows:

GST Rates 7% effective up until 31-Dec-2022
Increase from 7% to 8% with effect from 1-Jan-2023
Increase from 8% to 9% with effect from 1-Jan-2024

Refer to this Inland Revenue Authority of Singapore link for further details of this change.

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