📈 The Goods and Services Tax (GST) will increase from the current 7% to 9% between 2022 & 2025, "sooner rather than later", depending on the economy outlook.
From Jan. 1, 2023, GST will also be levied on imported low-value goods and business-to-consumer (B2C) imported non-digital services.
Currently, GST applies only to imported items valued at S$400 & above. #Budget2021
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