Singapore Tax Agency Posts Guidance on Preparing for GST Rate Change

The Singaporean Inland Revenue Authority July 21 posted a guidance on preparing for the GST rate change. The guidance includes: 1) the GST rate increase to 8 percent from 7 percent from Jan. 1, 2023; 2) a checklist for GST rate change preparation; 3) GST-inclusive prices on all price displays except hotels and food and beverage businesses subject to the service charge; and 4) GST rate change transitional rules. [Singapore, Inland Revenue Authority of Singapore, 07/21/22]

Reference:
View Guidance. View Index.