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The GST rate was increased from 3% to 4% on 1 January 2003, and to 5% on 1 January 2004. Each increase was accompanied by an offset package that was designed to make the average Singaporean household overall better off, even after accounting for the additional costs imposed by the increase in GST rates.
By 2019, due to the introduction of TPG and 9 MVNO entrants to the market, thus turning the market to be more competitive, the price of mobile plans had fallen. [10] As of January 2018, there are four cellular phone operators in Singapore serving more than 6.4 million cellular phones.
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.
The Bespoke SIM and Bespoke Flexi plans are non-contract plans and can be adjusted once a month at no charge. The Bespoke SIM plan provides SIM cards to users with existing handsets while the Bespoke Flexi plan combines both a SIM card and a handset in the monthly price. [66] On 26 July 2022, M1, with 2 other fellow telecommunications companies ...
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In March 2023, it was announced that SIMBA will be entering the internet service provider (ISP) market in Singapore, offering the first 2.5Gbit/s broadband service. It will be leveraging the existing network infrastructure in Singapore. [22] In September 2023, all Simba 4G plans has been upgraded to support 5G.
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On 1 September 1992, the Inland Revenue Authority of Singapore (IRAS) was established by legislation as a statutory board [3] under the Ministry of Finance. With this conversion, IRAS was incorporated by the Inland Revenue Authority of Singapore Act to take over the functions previously performed by the Inland Revenue Department.
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