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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.
