GST tax

Who will be affected by Singapore’s digital service tax?

Businesses providing digital services in Singapore, such as the streaming of entertainment content, will have to pay the Goods and Services Tax (GST) from Jan 1, 2020, Finance Minister Heng Swee Keat announced during his Budget 2018 speech last week.Heng said he is introducing this tax on imported services to make the country’s tax system “fair and resilient” in today’s digital economy.“Today, services such as consultancy and marketing purchased from overseas suppliers are not subject to GST.

26 February 2018
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Angpaos, GST and Carbon Tax: A look at Singapore’s Budget 2018

After much speculation, the Singaporean government finally revealed this year’s budget for the country. In his speech, Singapore Finance Minister, Heng Swee Keat talked about three major shifts facing Singapore in the coming decade – a greater emphasis on Asia, the emerging of new technologies and an aging population. The budget that Heng Swee Keat presented featured some surprises as well as some already expected measures.

22 February 2018
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