Singapore will likely split a planned two-percentage point increase in Goods and Services Tax between 2023 and 2024, given lingering Covid-19 risks and a need to support economic recovery, economists from
- Base case is for increase from current 7% to 8% in January 2023, and to 9% in January 2024, economists Yun Liu and
Heidi Tang wrote in a Jan. 21 note - At same time, government will likely introduce offsetting measures to cushion the adverse impact, in particular on low income households, pair wrote
- “Policy makers are likely to be patient to ...
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