GST Rate Revision

In Budget 2022, the Minister for Finance announced that the GST rate will be increased from 7% in 2022 to 8% in 2023 and subsequently 9% in 2024.

The GST rate applied to your invoices and quotations may change based on factors such as: (1) when the invoice is issued (2) when the contract starts.

Find out more – iras.gov.sg