The long-awaited GST rate rise that was confirmed in the Singapore Budget 2022, will begin on 1 January 2023. To remain fiscally sustainable, Singapore needs to make changes to its tax system to fund social and healthcare spending, especially given its ageing population. GST rate will increase from 7 percent to 9 percent in two stages – oneContinue reading “5 Ways to Prepare for the GST Hike”