The Inland Revenue Authority of Singapore (IRAS) has published guidance on Preparing for GST Rate Change. As announced in the 2022 Budget, the GST rate will be increased from 7% to 8% from 1 January 2023 and to 9% from 1 January 2024. Although the legislation for the change is pending, the IRAS encourages taxpayers to prepare. The main points of the guidance are as follows: --- GST rate to apply Generally, you should charge GST at the prevailing rate at the time of supply. Hence, if you issue an invoice or receive payment for your supply before 1 Jan...