The Inland Revenue Authority of Singapore has updated its guidance on the Transitional Rules for GST Rate Change. Singapore increased its GST rate from 7% to 8% from 1 January 2023, with a further increase to 9% from 1 January 2024. The updates include an updated version of the IRAS e-Tax Guide 2024 GST Rate Change: A Guide for GST-registered Businesses (Third Edition), as well as new Frequently Asked Questions for Businesses – GST rate change 2024.
Source: Inland Revenue Authority of Singapore
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