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Singapore Notification Effective 1st January 2023 and 2024

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Disclaimer: “Managed Rate Administration is a licensed service offered by SAP Concur with a recurring fee. The rate updates posted are for informational purposes. If you are an MRA customer, please open a ticket with support (with MRA in the subject line) to request the specific rate update. If you would like more information about licensing the service, please contact your SAP Concur Account Executive. Information about the service, please click here."


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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