SINGAPORE, Dec 24 (Bernama): Changi Airport Group (CAG), together with its tenants, will continue to absorb the Goods and Services Tax (GST) in the new year at participating retail shops in the public areas of the airport.
The GST in Singapore will be 8.0 per cent from Jan 1, 2023.
"We are glad that our tenants support this move to continue absorbing GST for retail spend in 2023,” said CAG’s general manager for Landside Concessions, Phau Hui Hoon, in a statement.
"This has been a unique attraction of shopping in Changi Airport’s public areas,” she added.
Phau noted that shoppers can also look forward to bigger savings when they shop at Changi during the 2xGST promotion in January.
Shoppers will get an additional 8.0 per cent off their purchases under the 2XGST promotion for eight days from Jan 5-8, 2023 and Jan 12-15, 2023.
The 2xGST promotion applies to transactions with a minimum net value of S$30 after deducting all other discounts.
CAG said it has been working with its tenants to absorb GST for retail spend in its public-area stores since 2009.
The 2xGST promotion, first launched in September 2010, has become a signature campaign that shoppers look forward to every year.
Meanwhile, Eu Yan Sang Singapore, which has been a landside tenant at Changi Airport since 2014, said the government's GST increase will potentially be a challenge for businesses due to consumers’ mindset to cut back on disposable income spend.
"However, with travel recovery, we hope that business conditions at the airport will improve,” said its managing director Rachel Cheng.
CAG's shopping campaigns like the 2xGST promotions will help to attract more shoppers to the airport and cushion the impact of the GST increase, she said.
For more information on GST-absorbed shopping in Changi Airport, visit https://rewards.changiairport.com/en/benefits-and-privileges/how-it-works.html.
For 2xGST, shoppers may visit www.changiairport.com/2xgst for details and the list of participating outlets. - Bernama
