GSTAug 30, 2025
What is Singapore's current GST rate and when did it increase to 9%?
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Singapore's Goods and Services Tax (GST) rate is currently 9%, effective from 1 January 2024. This was the second phase of a planned two-step increase:
GST rate history:
| Period | GST Rate |
|---|---|
| 1 April 1994 (introduction) | 3% |
| 1 January 2003 | 4% |
| 1 January 2004 | 5% |
| 1 July 2007 | 7% |
| 1 January 2023 | 8% |
| 1 January 2024 | 9% |
What is subject to GST:
- Most goods and services supplied in Singapore.
- Imported goods (collected by Singapore Customs at the point of import).
- Imported services purchased from overseas suppliers (via reverse charge for B2B, and the Overseas Vendor Registration regime for B2C digital services).
What is exempt or zero-rated:
- Zero-rated (0%): Export of goods, international services that qualify under Section 21(3) of the GST Act.
- Exempt supplies: Sale and rental of residential properties, financial services (lending, insurance, securities dealing). No GST is charged on exempt supplies, but businesses making exempt supplies cannot claim input tax.
Government support measures:
To help offset the impact of the GST increase, the Singapore government introduced the Assurance Package worth S$9.6 billion. This includes:
- GST Voucher (GSTV) Cash payouts: Up to S$850 for eligible Singaporeans.
- GSTV U-Save rebates: Quarterly utility rebates for HDB households.
- CDC Vouchers: Additional community development council vouchers.
- MediSave top-ups: For older Singaporeans.
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Disclaimer: This information is for general educational purposes and is not professional tax advice. Tax situations vary. Consult a qualified tax professional for advice specific to your circumstances.