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GST and the digital economy - some possible effects

Applying the anticipated levy to the sector throws up issues like definition, consistency and how it affects buyers and sellers.

Levying GST on imports of low-value goods (anything under S$400) could be another change and throw up challenges.

DURING his Budget speech in February, Finance Minister Heng Swee Keat said the government has been studying ways to apply the Goods and Services Tax (GST) to the digital economy. The issue came under the spotlight again recently after Prime Minister Lee Hsien Loong spoke about the need to raise...