GST on imports of low-value goods will level playing field for local businesses: Indranee

Singapore

THE goods and services tax (GST) will be extended to low-value goods worth S$400 or less imported by air or post, and imported business-to-consumer (B2C) non-digital services from Jan 1, 2023.

This will level the playing field for local businesses, Second Minister for Finance Indranee Rajah said on Tuesday (Nov 2) during the debate on the GST (Amendment) Bill, which Parliament later passed.