Singapore Parliament Considers GST Amendment Bill

The Singaporean Parliament Oct. 20 accepted for consideration Bill No. 30/2022, to amend GST. The bill includes measures to: 1) increase the GST rate to 8 percent from 7 percent, effective Jan. 1, 2023, through Dec. 31, 2023; 2) increase the GST rate to 9 percent from 8 percent, effective Jan. 1, 2024; 3) introduce the place of belonging rule for qualifying under the zero-rated regime for travel arranging services, effective Jan. 1, 2023; 4) amend GST transitional rules for imported goods and non-digital services; 5) improve the overseas vendor registration and reverse charge regimes to provide tax certainty, effective ...