GST Hike Hits in May 2025 – What It Means for Your Wallet and Daily Expenses
From May 1, 2025, Singapore’s Goods and Services Tax (GST) will officially increase from 8% to 9%. Businesses operating in the country need to act now to prepare for this change. This adjustment follows the earlier hike from 7% to 8% in 2023 and forms part of a long-term fiscal strategy announced during the 2022 … Read more