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GOODS AND SERVICES TAX

Pushing back GST hike a right move amid challenging climate

Government also sets aside S$6b Assurance Package to cushion impact when it kicks in

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The GST increase will still be needed by 2025 and the government will assess carefully the appropriate time for the increase, says Deputy PM and Finance Minister Heng Swee Keat.

Singapore

THE government's decision to delay the increase in the Goods and Services Tax (GST) to some time between 2022 and 2025 was welcomed yesterday, coming amid the current gloomy environment.

On Tuesday, Deputy Prime Minister and Finance Minister Heng Swee Keat said the...