Singapore startup rings up GST refunds on mobile
Singapore
PAPER receipts may soon become relics when it comes to tax-free shopping. Homegrown startup Tourego got the ball rolling with the world's first fully-mobile tax refund solution last December, allowing travellers to Singapore to claim Goods and Service Tax (GST) refunds using their phones.
Travellers first register their passport details with a photo on Tourego's namesake mobile app. At a participating retailer, they hand their phones to the cashier, who issues a digital refund ticket if requirements are met.
Under the law, travellers must spend at least S$10…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
Meta profits soar but costs of AI cause worry
IBM falls on weak consulting sales, overshadowing HashiCorp deal
Oil settles lower as US business activity cools, concerns over Middle East ease
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data