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IRAS GST Rate Increase 2023 2024

What to Buy Before GST Increases in 2023 and 2024

Many of us are familiar with Singapore’s Goods and Services Tax (GST) rate of 7%. However, GST will increase to 8% on 1 January 2023 and subsequently 9% on 1 January 2024.  It isn’t as clear-cut as it seems. There are many minor details that are complicated. For example, what if you purchase a product…

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