The much dreaded one per cent GST hike is finally upon us. On Jan 1, 2023, Singapore's Goods and Service Tax (GST) was raised from seven per cent to eight per cent. The increase in GST was first announced in 2018 and was originally expected to take place in 2021. It was subsequently postponed due to the economic outlook following...
On Jan 1, 2023, Singapore's Goods and Service Tax was raised from seven per cent to eight per cent.
The $6 Billion Assurance Package, first announced by the Singapore government in 2020, was implemented to help cushion the impact of this GST hike for Singaporean consumers. As GST is a consumption-based tax, percentage-wise, this would affect them as they spend a higher percentage of their income. Make sure to take advantage of these deals to ease the effects of the GST increase on daily necessities.Giant Supermarket1% discount on all items except for alcohol, tobacco, vouchers, lottery, and infant milk powderis also currently offering deals to help shoppers cushion the GST rate increase.
RedMart will be offering free deliveries with no minimum purchase, so your savings will not be eroded by shopping costs. All you have to do to get this reward is collect the 'Everyday Cashback' voucher before making your purchase.
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More retailers in Singapore absorbing GST increase to help consumers 'tide through inflation period’SINGAPORE — Now that the year has turned, some retailers have switched from getting consumers to buy big-ticket items before the Goods and Service Tax (GST) go up to absorbing the tax increase for customers or giving them a token discount.
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Morning Briefing: Top stories from The Straits Times on Jan 5You are reading the Morning Briefing newsletter. Get the news that prepares you for the day ahead, delivered to your inbox. Subscribe to our newsletter. Read more at straitstimes.com.
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2022 O-level results to be released on Jan 12 from 2pmSINGAPORE – The results of the 2022 GCE O-level examinations will be released on Jan 12, 2023. Read more at straitstimes.com.
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China to open border with Hong Kong on Jan 8The border between Hong Kong and mainland China has been effectively shut since early 2020. Read more at straitstimes.com.
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