Singapore’s GST to Rise to 9% from May 2025 – What Businesses Must Know?
Starting May 1, 2025, the Goods and Services Tax (GST) in Singapore will officially increase from 8% to 9%. Companies operating in the country must start preparing now to avoid compliance issues and operational disruptions. This change follows a previous increase from 7% to 8% in 2023 and is part of a broader long-term fiscal plan announced during Singapore’s 2022 Budget.