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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 $4 billion over five years. [6]
This is an accepted version of this page This is the latest accepted revision, reviewed on 15 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
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.
22% (standard rate) 10% (reduced rate on certain products - e.g. food - 4% (on products of first necessity) 26% Taxation in Italy Ivory Coast: 25% — — — Taxation in the Ivory Coast Jamaica: 33.3% (standard rate) 25% (reduced rate for small companies) 0% 25% (on income over J$1,500,000) 20% (services) 16.5% (goods) Taxation in Jamaica ...
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This article contains economic statistics of the country Singapore. The GDP, GDP Per Capita, GNI Per Capita, Total Trade, Total Imports, Total Exports, Foreign Reserves, Current Account Balance, Average Exchange Rate, Operating Revenue and Total Expenditure are mentioned in the table below for years 1965 through 2018.
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The Singapore Civil Defence Force starts construction of their Marine Division headquarters on Pulau Brani, which will be completed by March 2026. Plans to boost the Division's capabilities are also announced, with an increase from six firefighting vessels to 10 by 2029, and from four to six marine bases by 2035. [99] [100] [101] 16 November –