GST

Over S$1 million in luxury watches seized during Iras raids for suspected GST fraud

The crackdown on alleged false refunds leads to the arrest of a 56-year-old female suspect

Senior Minister of State for Finance Jeffrey Siow, in the ministry’s Committee of Supply debate on Feb 26, said the move will bring about 90,000 more businesses onto the InvoiceNow network.
SINGAPORE BUDGET 2026

Budget 2026: GST-registered businesses must submit digital invoices via InvoiceNow by April 2031

The onboarding will be carried out progressively, prioritising smaller businesses

For a small, open economy like Singapore, “growth outcomes can diverge significantly from forecasts as global conditions evolve”, says Prime Minister and Finance Minister Lawrence Wong.
SINGAPORE BUDGET 2026

Budget 2026: Fiscal forecasts are reasonable, not too conservative: PM Wong

GST hikes remain necessary to provide stable revenues for increased structural spending

Duties collected for motor vehicles rose to S$405.8 million in 2025, from S$370.6 million in the year prior, according to Singapore Customs.

Singapore Customs collects S$12.1 billion in GST, customs and excise duties in 2025

This is an increase from S$11.7 billion recorded in the previous year

Rickey Tan was engaged in the business of trading car bodies both in his personal capacity and through his company, Car Ranger.

Car body trader gets jail for tax evasion, is fined more than S$800,000

The income tax undercharged across the two years exceeds S$260,000

“Of the cases this year, 142 offenders were issued the maximum penalty of S$5,000 for making incorrect or incomplete declarations to Customs,” the statement from Singapore Customs  said.

Around 23,700 travellers fined over S$7 million for tax evasion at checkpoints: Singapore Customs

This is a surge from the 13,099 and 7,139 travellers apprehended during the same time period in 2024 and 2023, respectively

Reforms to India’s complicated consumption tax system are a long time coming.

Volatility strikes again: Why investors shouldn’t panic

Why gold’s surging, China’s stock cooling, and India’s GST cut could reshape Asia’s markets.

The tax cut will be a big win for carmakers like Maruti, whose market share has plunged to about 40 per cent from over 50 per cent in the last five years as sales of its small cars such as Alto, Dzire and Wagon-R dropped.

India proposes lowering GST on small cars, insurance premiums, source says

[NEW DELHI] India has proposed lowering the Goods and Services tax (GST) on small cars to 18 per cent from the current 28 per cent as part of sweeping consumption tax cuts, a government source said on...

The pair are believed to have set up four shell companies between November 2017 and April 2018 to buy and sell goods in sham transactions.

Two face charges over S$11.8 million in GST fraud from sham transactions

The accused pair set up four shell companies and allegedly attempted to claim GST refunds from the taxman, say the police

Each party stands for different approaches to fiscal policy, cost of living, foreign talent and housing.
SINGAPORE GE2025

GE2025: Where the parties stand on key issues

From raising revenues to housing affordability, this package of stories looks at where the different parties stand on the big issues ahead of the upcoming election.