GST hike aimed at helping Singapore remain competitive while staying inclusive: Tharman
Add BT as a preferred source
Jakarta
THE planned increase in the Goods and Services Tax (GST) in Singapore is aimed at helping the country remain competitive, while ensuring sustainable and inclusive growth, said Deputy Prime Minister Tharman Shanmugaratnam.
"The Budget announcement of a future increase in GST from 7 to 9 per cent is a part of the balance that we are striking," said Mr Tharman at a forum in Jakarta on Tuesday.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister
Singapore releases Economic Strategy Review Final Report with more detailed proposals
