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In view of uncertainty due to the COVID-19 pandemic, the GST increase [14] will be deferred to after year 2022, with a S$6 billion Assurance Package proposed in 2020 to cushion the impact when the hike kicks in. The GST increase is later deferred again, with the increase taking place in two stages, 8% on 1 January 2023 and 9% on 1 January 2024.
UOB economist Barnabas Gan expects Singapore GST will rise to 9% from as early as 1 July, adding revenue of S$1.8 billion for 2022.
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This is an accepted version of this page This is the latest accepted revision, reviewed on 15 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) 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 ...
Prescott's deal does beat Soto's contract in annual value (Soto will make $51 million per year), which is why it gets a spot on this list. MLB: Shohei Ohtani, 10 years, $700 million (AAV $70 million)
Overview of largest sports contracts Rank Name Organization Sport Length of contract Contract value Average per year (USD) Average per game/event [a] (USD) Ref. 1 Juan Soto: New York Mets: Baseball: 15 years (2025–2039) $765,000,000 $51,000,000 $314,814 [1] 2 Shohei Ohtani: Los Angeles Dodgers: 10 years (2024–2033) [b] $700,000,000 ...
A $20 million/2-year contract would have an average annual value of $10 million, even if the player actually received $9 million one season and $11 million in the other. This also does not include contracts for less than a season prorated in value for a full season such as Roger Clemens' 2006 and 2007 contracts.
Shohei Ohtani's Dodgers contract includes payouts of just $2 million until the contract ends in 2034, allowing the Dodgers to spend on other players.