GST hike could feature in Budget 2022, kick in as soon as July: economists

But other experts say the move from 7% to 9% could be put off - perhaps till 2023 - so as not to crimp the ongoing recovery from the pandemic

Janice Heng

Published Fri, Nov 19, 2021 · 05:50 AM

GST

Singapore

THE upcoming goods and services tax (GST) hike may be announced in the next Budget and implemented as early as July 2022, said some economists, with the economic outlook now robust enough to allow such a move.

"From an economic standpoint, the door is already open," said DBS senior economist Irvin Seah.

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Taxes

Singapore Budget 2022

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International

International

GST hike could feature in Budget 2022, kick in as soon as July: economists

Janice Heng

KEYWORDS IN THIS ARTICLE

International

Vietnam tycoon appeals against US$27 billion fraud death sentence

US announces new restrictions on firearm exports

Central banks will probably only cut half as much as they hiked

US consumer sentiment falls as inflation expectations climb

HSBC wins £1.3 billion suit over Disney film finance scandal

WTO countries to reboot dispute reform negotiations

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