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UOB economist Barnabas Gan expects Singapore GST will rise to 9% from as early as 1 July, adding revenue of S$1.8 billion for 2022.
On 15 February 2007 (Budget Day), then Second Minister for Finance Tharman Shanmugaratnam announced that the GST rate would be increased to 7% with effect from 1 July 2007. The rate increase was accompanied by an offset package to help Singaporeans with the increase in GST. The package would cost the government $4 billion over five years. [6]
The list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance tax. Personal income tax includes all applicable taxes, including all unvested social security contributions.
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This is an accepted version of this page This is the latest accepted revision, reviewed on 12 February 2025. There are 2 pending revisions awaiting review. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income ...
SINGAPORE (Reuters) -Singapore maintained its forecast for the economy to expand 3-5% this year as the city-state's recovery from the pandemic slump continues, although officials flagged downside ...
The Economist Intelligence Unit (EIU) is the research and analysis division of the Economist Group, providing forecasting and advisory services through research and analysis, such as monthly country reports, five-year country economic forecasts, country risk service reports, and industry reports.
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