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Singapore Updates Guidance on 2024 GST Rate Change

23 May 2023

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Approved Changes

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Singapore

On 19 May 2023, the Inland Revenue Authority of Singapore (IRAS) published a series of updates to guidance on the GST rate change. The GST rate was increased from 7% to 8% from January 2023 and will be further increased to 9% from 1 January 2024. Previously focused on the rate change from 1 January 2023, the different guidance has been updated to focus on the rate change from 1 January 2024, including: Preparing for GST Rate Change Overview of GST Rate Change Transitional Rules for GST Rate Change GST Rate on Imports of Low-Value Goods and B2C Imported Non-Digital...