Do you know that when you buy goods or use services in Singapore, you have to pay 7% more for the Goods & Services Tax (GST)? Actually, what is GST? It is a tax collected on goods or services consumed in Singapore. Of course, there are things which are exempted from this tax, such as financial services, sales/rental of residential properties.
GST was first introduced in Singapore on 1 Apr 1994. Currently, the tax rate is 7%. GST has been revised for few times over the years.
- 1 Apr 1994 to 31 Dec 2002: 3%
- 1 Jan 2003 to 31 Dec 2003: 4%
- 1 Jan 2004 to 30 Jun 2007: 5%
- 1 Jul 2007 onwards: 7%
For more information on GST in Singapore, please kindly visit IRAS - GST.
For tourists/visitors to Singapore, as the goods to be consumed outside Singapore, they are entitled to claim GST tax refund upon departure from Singapore, provided goods are purchased from retailers participating in the Tourist Refund Scheme.
Click here to find out more on Tourist Refund Scheme.
GST was first introduced in Singapore on 1 Apr 1994. Currently, the tax rate is 7%. GST has been revised for few times over the years.
- 1 Apr 1994 to 31 Dec 2002: 3%
- 1 Jan 2003 to 31 Dec 2003: 4%
- 1 Jan 2004 to 30 Jun 2007: 5%
- 1 Jul 2007 onwards: 7%
For more information on GST in Singapore, please kindly visit IRAS - GST.
For tourists/visitors to Singapore, as the goods to be consumed outside Singapore, they are entitled to claim GST tax refund upon departure from Singapore, provided goods are purchased from retailers participating in the Tourist Refund Scheme.
Click here to find out more on Tourist Refund Scheme.
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