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   Home > Company News > Singapore Goods and Services Tax ("GST") rate will be increased effective from Jan 1, 2023 and Jan 1, 2024 | Posted on November 30, 2022
Singapore Goods and Services Tax ("GST") rate will be increased effective from Jan 1, 2023 and Jan 1, 2024 | Posted on November 30, 2022
Time:2023-03-23   View:456


Effective from Jan 1, 2023, invoices for ancillary services performed in Singapore which originally subject to 7% Singapore GST will now be increased to 8%. The Singapore GST rate will further increase from 8% to 9% effective from Jan 1, 2024.


The above change is in accordance with tax law change as recently announced by the Singapore Minister of Finance to support healthcare expenditure and to take care of seniors in Singapore.