Singapore: Inflation pressures could delay GST hike to January 2023, economists say

The GST increase from 7 per cent to 9 per cent was first announced in 2018, and is meant to help Singapore deal with rising recurrent spending needs. - The Straits Times/ANN

SINGAPORE, Jan 16 (The Straits Times/ANN): The planned goods and services tax (GST) increase could kick in as soon as this July if the approach taken with the previous GST rate hike in 2007 is a guide.

The 2 percentage point increase from 7 per cent to 9 per cent was first announced in 2018, and is meant to help Singapore deal with rising recurrent spending needs on the likes of healthcare and social support.