GST

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.

Senior Parliamentary Secretary for Finance Shawn Huang says that with the new Innovative Procurement Partnership, a business "can be assured of the opportunity to scale up its innovative product or service, if the pilot is successful".
SINGAPORE BUDGET 2025

New scheme for public tenders covering both pilot and deployment phases; simpler tenders for construction, ICT

The changes aim to make government procurement more accessible to SMEs

Singapore's approach is to keep public finances healthy, spend within means, and raise revenues to meet new demands, says Prime Minister Lawrence Wong during the Budget debate.
SINGAPORE BUDGET 2025

Singapore’s fiscal strength is a competitive advantage, not detrimental to Singaporeans: PM Wong

‘Overly cautious’ projections are better than taking risks by underestimating spending needs, he says

The drive to onboard GST-registered businesses onto the InvoiceNow network is to enhance efficiency and tax compliance versus the current common practice of emailing PDF invoices.

Putting GST back on the agenda

The progressive implementation of GST InvoiceNow from 2025 onwards is set to have wide-ranging impact on businesses

Veteran undertaker Roland Tay was also found guilty of failing to register his businesses for GST.

Undertaker Roland Tay fined S$12,000, ordered to pay penalty of S$529,321 for tax offences

He was undercharged a total of S$250,312.49 in income taxes for three assessment periods

The 48-year-old ex-group executive director of Ensoft Consulting was also convicted for failing to notify the Comptroller of Ensoft’s liability to register for GST.

Former recruitment firm director first to be jailed for unauthorised collection of GST

Vijay Kumar Muvva is the former group executive director of Ensoft Consulting