Higher GST: A file picture showing people walking along busy Orchard Road in Singapore. The country says its sales tax will rise to 9 but the change will come sometime between 2021 and 2025.
SINGAPORE: Singapore said its sales tax will rise to 9% from 7%, but the change will only come “sometime” between 2021 and 2025, making it likely that the increase would kick in after the city-state’s next general election.
Instead of getting a GST hike soon, Singaporeans aged 21 and above will get a “hong bao”, or Lunar New Year red packet, as Finance Minister Heng Swee Keat announced a “one-off” bonus in 2018 of up to S$300 (US$228.50), depending on their income.
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