Goods and Services Tax

Big Read: Singapore’s households and businesses are not immune from a global inflation storm as a GST increase looms

Big Read: Singapore’s households and businesses are not immune from a global inflation storm as a GST increase looms

Corporate “snowy” profit margins It’s not just families who are upset. Many business owners said they felt rising cost pressures in several aspects – manpower, logistics, raw materials, and electricity. With many retailers forced to go online as a result of COVID-19, digital marketing costs have also skyrocketed. Ms. Ling noted that these increased costs …

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Big Read in Brief: Families and Businesses Struggle with Rising Costs Ahead of Imminent Increase in GST

Big Read in Brief: Families and Businesses Struggle with Rising Costs Ahead of Imminent Increase in GST

SINGAPORE – Before the COVID-19 pandemic about two years ago, housewife Surya Saini was spending around S$400 per month on groceries and other basic necessities. But as of December last year, her monthly spending has risen to over S$500 on the same list of items. “I always go to the same stores, same market stalls. …

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