Share with your friends

Singapore: GST changes in budget 2018

Singapore: GST changes in budget 2018

Under a measure in the budget 2018, the rate of the goods and services tax (GST) would increase from 7% to 9% at some time during the period from 2021 to 2025.


Related content

GST would also be imposed on all services consumed in Singapore, effective 1 January 2020. The imposition of GST would be implemented through: (1) a reverse charge regime for business-to-business supplies of imported services; and (2) an overseas vendor registration regime for business-to-consumer supplies of digital services.


Read an April 2018 report [PDF 387 KB] prepared by the KPMG member firm in Singapore

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal