🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 123 (from laksa018)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa123.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.aseanbriefing.com/news/singapore-increases-goods-and-services-tax-for-2024/\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.aseanbriefing.com/news/singapore-increases-goods-and-services-tax-for-2024/\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.aseanbriefing.com\/news\/singapore-increases-goods-and-services-tax-for-2024\/","crawl_time":1776484969,"first_indexed_time":1704470193,"http_code":200,"src_unparsed":"com,aseanbriefing!www,\/news\/singapore-increases-goods-and-services-tax-for-2024\/ s443","src_root_hash":"7642615650618619323","history_drop_reason":null,"meta_title":"Singapore Increases Goods and Services Tax for 2024","meta_descriptions":["Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024."],"attrs_boilerpipe_text":"Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of\nJanuary 1, 2024\n.\nGST is a value-added tax levied on most supplies of goods and services as well as on imported goods.\nSingapore announced planned GST increases during the 2022 budget with the rate raised in two steps, from seven to eight percent in 2023, and eight to nine percent in 2024. The revenue received from the increase in GST will be used to cover the country’s medium-term needs.\nThe steady tax increase showcases Singapore’s need to shore up its tax revenue base, especially as healthcare costs continue to rise in the city-state. The government designated an estimated US$12 billion for healthcare in the 2023 budget, triple to what was designated 10 years ago. Further, Singapore is expected to spend S$59 billion (US$44.7 billion) on healthcare by 2030.\nSingapore’s healthcare expenditure is rising significantly due to its rapidly aging population. Today, 1 in 7 Singaporeans are aged 65 and above. By 2030, this is expected to be 1 in 40, or approximately one-quarter of the population.\nGST-registered businesses\nare advised to prepare as soon as possible for the upcoming rate change. Some areas that businesses should address include:\nUpdating their accounting and invoicing systems to accommodate for the new GST rate;\nUpdating any pricing schedules made available to customers and the public, such as on websites;\nUpdating their cash register systems;\nReview contracts and agreements with suppliers or customers to accommodate the new rate;\nEquip employees with the relevant GST knowledge so that they are aware of its impact; and\/or\nSeek the help of professional advisors who can assist in applying for any relevant GST schemes from the government.\nWebinar – Unveiling Southeast Asia’s Opportunities: 2023 Achievements and 2024 Prospects\nFebruary 29, 2023, | 9:00 AM Los Angeles \/ 12:00 PM New York \/ 6:00 PM Brussels\nJoin us in this data-driven webinar as Kyle Freeman, Partner and Head of the North American Client Services Desk in Asia, shares insights on Southeast Asia’s 2023 economic indicators and provides an overview of what to expect in 2024. The focus will be on trade and investment trends, noteworthy developments affecting businesses, and opportunities for foreign companies. \nJoin us in this free webinar.\nRegister Now\nAbout Us\nASEAN Briefing is produced by\nDezan Shira & Associates\n. The firm assists foreign investors throughout Asia and maintains offices throughout ASEAN, including in\nSingapore\n,\nHanoi\n,\nHo Chi Minh City\n, and\nDa Nang\nin Vietnam, in addition to\nJakarta\n, in Indonesia. We also have partner firms in\nMalaysia\n, the\nPhilippines\n, and\nThailand\nas well as our practices in\nChina\nand\nIndia\n. Please contact us at\nasean@dezshira.com\nor visit our website at\nwww.dezshira.com\n.","attrs_markdown":"[×]()\n\n### [Menu](https:\/\/www.aseanbriefing.com\/news\/)\n- [Tariffs](https:\/\/www.aseanbriefing.com\/tariff-updates)\n  #### Top Articles in Tariffs\n  [![Breaking Down the US-China Trade Tariffs: What's in Effect Now?](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.china-briefing.com\/news\/us-china-tariff-rates-2025\/)\n  \n  ### [Breaking Down the US-China Trade Tariffs: What's in Effect Now?](https:\/\/www.china-briefing.com\/news\/us-china-tariff-rates-2025\/)\n  Mar 27\n  \n  The current landscape of US-China tariff rates is complex, with multiple overlapping trade measures in effect. This article explains which tariffs apply in 2025 and how they intersect.\n  \n  - ### [US-China Relations in the Trump 2.0 Era: A Timeline](https:\/\/www.china-briefing.com\/news\/us-china-relations-in-the-trump-2-0-implications\/)\n    Mar 27\n  - ### [Vietnam’s Wood Industry in 2026: Navigating Challenges and Seizing New Opportunities](https:\/\/www.vietnam-briefing.com\/news\/vietnams-wood-industry-2026-challenges-new-opportunities.html\/)\n    Mar 16\n  - ### [US Supreme Court Blocks Trump's Tariffs: Implications for Vietnam–US Trade and Businesses](https:\/\/www.vietnam-briefing.com\/news\/us-supreme-court-blocks-trumps-tariffs-implications-for-vietnam-us-trade.html\/)\n    Feb 27\n  - ### [US Tariff Twists: Where Does India Stand and How Will Exporters Get Impacted?](https:\/\/www.india-briefing.com\/news\/us-supreme-court-tariff-ruling-india-impact-43006.html\/)\n    Feb 26\n  - ### [US Supreme Court Strikes Down Trump’s Tariffs: Implications for Gulf Trade and Business](https:\/\/www.middleeastbriefing.com\/news\/us-supreme-court-ruiling-trumps-tariffs-implications-gulf\/)\n    Feb 23\n  - ### [US Supreme Court Strikes Down Trump’s Tariffs – What it Means for the US-China Détente](https:\/\/www.china-briefing.com\/news\/supreme-court-tariff-ruling-china-impact\/)\n    Feb 23\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/tariff-updates)\n- [Economy](https:\/\/www.aseanbriefing.com\/news\/category\/economy-trade)\n  #### Top Articles in Economy\n  [![Thailand’s Omnibus Law Plan Streamlining Regulation and Cutting Business Costs](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.aseanbriefing.com\/news\/thailands-omnibus-law-plan-streamlining-regulation-and-cutting-business-costs\/)\n  \n  ### [Thailand’s Omnibus Law Plan Streamlining Regulation and Cutting Business Costs](https:\/\/www.aseanbriefing.com\/news\/thailands-omnibus-law-plan-streamlining-regulation-and-cutting-business-costs\/)\n  Apr 15\n  \n  Thailand’s omnibus law and 180-day super license aim to simplify approvals, reduce costs, and improve investment timelines. Here’s what it means for foreign investors.\n  \n  - ### [Singapore’s Business Support Measures Amid Shifting Cost Conditions](https:\/\/www.aseanbriefing.com\/news\/singapores-business-support-measures-amid-shifting-cost-conditions\/)\n    Apr 15\n  - ### [Adapting to Singapore’s 15% Global Minimum Tax as a Multinational](https:\/\/www.aseanbriefing.com\/news\/adapting-to-singapores-15-global-minimum-tax-as-a-multinational\/)\n    Apr 11\n  - ### [PEZA vs BOI in the Philippines: Which Incentive Structure Fits Your Manufacturing or Logistics Model?](https:\/\/www.aseanbriefing.com\/news\/peza-vs-boi-in-the-philippines-which-incentive-structure-fits-your-manufacturing-or-logistics-model\/)\n    Apr 06\n  - ### [Singapore as ASEAN’s Logistics Hub: Warehousing, Trade Facilitation, and Investment Opportunities](https:\/\/www.aseanbriefing.com\/news\/singapore-as-aseans-logistics-hub-warehousing-trade-facilitation-and-investment-opportunities\/)\n    Apr 02\n  - ### [Singapore Subsidiary or Branch Office: How Foreign Companies Should Structure Market Entry](https:\/\/www.aseanbriefing.com\/news\/singapore-subsidiary-branch-office-market-entry-entity-selection\/)\n    Mar 24\n  - ### [Indonesia’s QRIS Expansion Across APEC and What It Means for Businesses](https:\/\/www.aseanbriefing.com\/news\/indonesias-qris-expansion-across-apec-and-what-it-means-for-businesses\/)\n    Mar 23\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/news\/category\/economy-trade)\n- [Industries](https:\/\/www.aseanbriefing.com\/news\/category\/industries)\n  #### Top Articles in Industries\n  [![Malaysia’s New Manufacturing Incentives: How to Structure Your Investment Under the NIF in 2026](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.aseanbriefing.com\/news\/malaysias-new-manufacturing-incentives-how-to-structure-your-investment-under-the-nif-in-2026\/)\n  \n  ### [Malaysia’s New Manufacturing Incentives: How to Structure Your Investment Under the NIF in 2026](https:\/\/www.aseanbriefing.com\/news\/malaysias-new-manufacturing-incentives-how-to-structure-your-investment-under-the-nif-in-2026\/)\n  Apr 07\n  \n  Malaysia’s new NIF changes how incentives work. Learn how to qualify, avoid mistakes, and structure your manufacturing investment.\n  \n  - ### [PEZA vs BOI in the Philippines: Which Incentive Structure Fits Your Manufacturing or Logistics Model?](https:\/\/www.aseanbriefing.com\/news\/peza-vs-boi-in-the-philippines-which-incentive-structure-fits-your-manufacturing-or-logistics-model\/)\n    Apr 06\n  - ### [Singapore as ASEAN’s Logistics Hub: Warehousing, Trade Facilitation, and Investment Opportunities](https:\/\/www.aseanbriefing.com\/news\/singapore-as-aseans-logistics-hub-warehousing-trade-facilitation-and-investment-opportunities\/)\n    Apr 02\n  - ### [Indonesia Coal 2026: How Export Controls and Policy Shape Investment Returns](https:\/\/www.aseanbriefing.com\/news\/indonesia-coal-2026-how-export-controls-and-policy-shape-investment-returns\/)\n    Apr 02\n  - ### [How Global Energy Price Volatility Could Affect Singapore’s Economy](https:\/\/www.aseanbriefing.com\/news\/energy-price-volatility-singapore-impact\/)\n    Mar 19\n  - ### [Laos Land Conversion Policy: New Entry Points for Foreign Investors](https:\/\/www.aseanbriefing.com\/news\/laos-land-conversion-policy-investor-entry-options\/)\n    Mar 17\n  - ### [ASEAN’s LNG Export Leaders: Investment and Energy Trade Opportunities in Malaysia and Indonesia](https:\/\/www.aseanbriefing.com\/news\/lng-investment-malaysia-indonesia\/)\n    Mar 17\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/news\/category\/industries)\n- [Tax\/Accounting](https:\/\/www.aseanbriefing.com\/news\/category\/tax-accounting)\n  #### Top Articles in Tax\/Accounting\n  [![Branch vs Subsidiary in Vietnam: Corporate Income Tax Impact](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.aseanbriefing.com\/news\/branch-vs-subsidiary-in-vietnam-corporate-income-tax-impact\/)\n  \n  ### [Branch vs Subsidiary in Vietnam: Corporate Income Tax Impact](https:\/\/www.aseanbriefing.com\/news\/branch-vs-subsidiary-in-vietnam-corporate-income-tax-impact\/)\n  Apr 17\n  \n  Planning entry into Vietnam? Understand how corporate tax shapes profit allocation, repatriation, and risk when choosing your structure.\n  \n  - ### [How Foreign-Sourced Income Is Taxed in Singapore: What Investors Must Decide Before Claiming Exemptions](https:\/\/www.aseanbriefing.com\/news\/how-foreign-sourced-income-is-taxed-in-singapore-what-investors-must-decide-before-claiming-exemptions\/)\n    Apr 14\n  - ### [How Foreign Investors Should Prepare for an LHDN Tax Audit in Malaysia](https:\/\/www.aseanbriefing.com\/news\/how-foreign-investors-should-prepare-for-an-lhdn-tax-audit-in-malaysia\/)\n    Apr 10\n  - ### [Vietnam Tax Rules on Software Licensing and Digital Services: What Foreign Contractors Need to Know](https:\/\/www.aseanbriefing.com\/news\/vietnam-tax-rules-on-software-licensing-and-digital-services-what-foreign-contractors-need-to-know\/)\n    Apr 09\n  - ### [Malaysia’s New Manufacturing Incentives: How to Structure Your Investment Under the NIF in 2026](https:\/\/www.aseanbriefing.com\/news\/malaysias-new-manufacturing-incentives-how-to-structure-your-investment-under-the-nif-in-2026\/)\n    Apr 07\n  - ### [Vietnam Tax Loss Carryforward: When Profits Can Be Recovered](https:\/\/www.aseanbriefing.com\/news\/vietnam-tax-loss-carryforward-when-profits-can-be-recovered\/)\n    Apr 01\n  - ### [Malaysia Withholding Tax Risks for Cross-Border Payments](https:\/\/www.aseanbriefing.com\/news\/malaysia-withholding-tax-risks-for-cross-border-payments\/)\n    Mar 26\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/news\/category\/tax-accounting)\n- [Regulatory](https:\/\/www.aseanbriefing.com\/news\/category\/legal-regulatory)\n  #### Top Articles in Regulatory\n  [![Adapting to Singapore’s 15% Global Minimum Tax as a Multinational](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.aseanbriefing.com\/news\/adapting-to-singapores-15-global-minimum-tax-as-a-multinational\/)\n  \n  ### [Adapting to Singapore’s 15% Global Minimum Tax as a Multinational](https:\/\/www.aseanbriefing.com\/news\/adapting-to-singapores-15-global-minimum-tax-as-a-multinational\/)\n  Apr 11\n  \n  Singapore’s 15% minimum tax is reshaping multinational structures. Understand exposure, costs, and why Singapore remains a leading hub.\n  \n  - ### [Indonesia’s Minimum Investment Requirements: What Foreign Investors Need to Plan Before Entry](https:\/\/www.aseanbriefing.com\/news\/indonesias-minimum-investment-requirements-what-foreign-investors-need-to-plan-before-entry\/)\n    Apr 09\n  - ### [Philippines Domestic Corporation Setup: Avoid Costly Mistakes Before You Invest](https:\/\/www.aseanbriefing.com\/news\/philippines-domestic-corporation-setup-avoid-costly-mistakes-before-you-invest\/)\n    Apr 08\n  - ### [Singapore Subsidiary or Branch Office: How Foreign Companies Should Structure Market Entry](https:\/\/www.aseanbriefing.com\/news\/singapore-subsidiary-branch-office-market-entry-entity-selection\/)\n    Mar 24\n  - ### [Shareholder Agreements in Singapore for Foreign Investors: Control, Exit Rights, and Protection](https:\/\/www.aseanbriefing.com\/news\/shareholder-agreements-in-singapore-for-foreign-investors-control-exit-rights-and-protection\/)\n    Feb 23\n  - ### [Should Investors Consolidate Indonesia Operations Under a Holding Company?](https:\/\/www.aseanbriefing.com\/news\/should-investors-consolidate-indonesia-operations-under-a-holding-company\/)\n    Feb 18\n  - ### [Singapore AML and KYC Rules for Foreign Shareholders](https:\/\/www.aseanbriefing.com\/news\/singapore-aml-and-kyc-rules-for-foreign-shareholders\/)\n    Feb 17\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/news\/category\/legal-regulatory)\n- [HR\/Payroll](https:\/\/www.aseanbriefing.com\/news\/category\/human-resources-payroll)\n  #### Top Articles in HR\/Payroll\n  [![Fixed-Term vs Regular Employment Contracts When Foreign Firms Hire in the Philippines](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.aseanbriefing.com\/news\/fixed-term-vs-regular-employment-contracts-when-foreign-firms-hire-in-the-philippines\/)\n  \n  ### [Fixed-Term vs Regular Employment Contracts When Foreign Firms Hire in the Philippines](https:\/\/www.aseanbriefing.com\/news\/fixed-term-vs-regular-employment-contracts-when-foreign-firms-hire-in-the-philippines\/)\n  Mar 28\n  \n  Foreign firms hiring in the Philippines should assess whether fixed-term or regular employment contracts are appropriate. Learn the legal risks, costs, and compliance considerations.\n  \n  - ### [Personal Income Tax Filing in Thailand: What Expats Need to Know](https:\/\/www.aseanbriefing.com\/news\/personal-income-tax-filing-in-thailand-what-expats-need-to-know\/)\n    Mar 11\n  - ### [THR Compliance in Indonesia: What Foreign Employers Must Review Before Eid 2026](https:\/\/www.aseanbriefing.com\/news\/thr-compliance-in-indonesia-what-foreign-employers-must-review-before-eid-2026\/)\n    Mar 04\n  - ### [Vietnam’s 183-Day Rule: Tax Implications for Foreign Employees](https:\/\/www.aseanbriefing.com\/news\/vietnams-183-day-rule-tax-implications-for-foreign-employees\/)\n    Feb 11\n  - ### [Using Business Intelligence to Evaluate Workforce Availability and Wage Levels in Indonesia](https:\/\/www.aseanbriefing.com\/news\/using-business-intelligence-to-evaluate-workforce-availability-and-wage-levels-in-indonesia\/)\n    Feb 09\n  - ### [Malaysia Revises Its Expatriate Employment Policy](https:\/\/www.aseanbriefing.com\/news\/malaysia-revises-its-expatriate-employment-policy\/)\n    Jan 19\n  - ### [Local Director and Management Presence Requirements in Singapore](https:\/\/www.aseanbriefing.com\/news\/local-director-and-management-presence-requirements-in-singapore\/)\n    Jan 06\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/news\/category\/human-resources-payroll)\n- [Across ASEAN](https:\/\/www.aseanbriefing.com\/across-asean)\n  ![](https:\/\/www.aseanbriefing.com\/assets\/images\/mega-menu\/aseanb\/l1_right.png?v3)\n  \n  - [**Across ASEAN**](https:\/\/www.aseanbriefing.com\/across-asean)\n  - [Indonesia](https:\/\/www.aseanbriefing.com\/across-asean\/indonesia)\n  - [Malaysia](https:\/\/www.aseanbriefing.com\/across-asean\/malaysia)\n  - [Philippines](https:\/\/www.aseanbriefing.com\/across-asean\/philippines)\n  - [Singapore](https:\/\/www.aseanbriefing.com\/across-asean\/singapore)\n  - [Thailand](https:\/\/www.aseanbriefing.com\/across-asean\/thailand)\n  - [Vietnam](https:\/\/www.aseanbriefing.com\/across-asean\/vietnam)\n  - [See all](https:\/\/www.aseanbriefing.com\/across-asean)\n  \n  - [Indonesia](https:\/\/www.aseanbriefing.com\/across-asean\/indonesia)\n  - ### [Indonesia’s Minimum Investment Requirements: What Foreign Investors Need to Plan Before Entry](https:\/\/www.aseanbriefing.com\/news\/indonesias-minimum-investment-requirements-what-foreign-investors-need-to-plan-before-entry\/)\n    Apr 26\n  - ### [Indonesia Coal 2026: How Export Controls and Policy Shape Investment Returns](https:\/\/www.aseanbriefing.com\/news\/indonesia-coal-2026-how-export-controls-and-policy-shape-investment-returns\/)\n    Apr 26\n  - ### [Indonesia’s QRIS Expansion Across APEC and What It Means for Businesses](https:\/\/www.aseanbriefing.com\/news\/indonesias-qris-expansion-across-apec-and-what-it-means-for-businesses\/)\n    Mar 26\n  - ### [Indonesia Corporate Income Tax Framework for Foreign-Owned Companies](https:\/\/www.aseanbriefing.com\/news\/indonesia-corporate-income-tax-framework-for-foreign-owned-companies\/)\n    Mar 26\n  - ### [ASEAN’s LNG Export Leaders: Investment and Energy Trade Opportunities in Malaysia and Indonesia](https:\/\/www.aseanbriefing.com\/news\/lng-investment-malaysia-indonesia\/)\n    Mar 26\n  - ### [Indonesia’s Danantara After Year One: Growth Targets, Asset Consolidation, and Investment Implications](https:\/\/www.aseanbriefing.com\/news\/indonesias-danantara-after-year-one-growth-targets-asset-consolidation-and-investment-implications\/)\n    Mar 26\n  \n  - [Malaysia](https:\/\/www.aseanbriefing.com\/across-asean\/malaysia)\n  - ### [How Foreign Investors Should Prepare for an LHDN Tax Audit in Malaysia](https:\/\/www.aseanbriefing.com\/news\/how-foreign-investors-should-prepare-for-an-lhdn-tax-audit-in-malaysia\/)\n    Apr 26\n  - ### [Malaysia’s New Manufacturing Incentives: How to Structure Your Investment Under the NIF in 2026](https:\/\/www.aseanbriefing.com\/news\/malaysias-new-manufacturing-incentives-how-to-structure-your-investment-under-the-nif-in-2026\/)\n    Apr 26\n  - ### [Malaysia Withholding Tax Risks for Cross-Border Payments](https:\/\/www.aseanbriefing.com\/news\/malaysia-withholding-tax-risks-for-cross-border-payments\/)\n    Mar 26\n  - ### [ASEAN’s LNG Export Leaders: Investment and Energy Trade Opportunities in Malaysia and Indonesia](https:\/\/www.aseanbriefing.com\/news\/lng-investment-malaysia-indonesia\/)\n    Mar 26\n  - ### [How CPTPP Is Reshaping Malaysia’s Export Markets](https:\/\/www.aseanbriefing.com\/news\/how-cptpp-is-reshaping-malaysias-export-markets\/)\n    Mar 26\n  - ### [Malaysia’s Rising Role in US Trade and What It Means for Foreign Investors](https:\/\/www.aseanbriefing.com\/news\/malaysias-rising-role-in-us-trade-and-what-it-means-for-foreign-investors\/)\n    Feb 26\n  \n  - [Philippines](https:\/\/www.aseanbriefing.com\/across-asean\/philippines)\n  - ### [Philippines Domestic Corporation Setup: Avoid Costly Mistakes Before You Invest](https:\/\/www.aseanbriefing.com\/news\/philippines-domestic-corporation-setup-avoid-costly-mistakes-before-you-invest\/)\n    Apr 26\n  - ### [PEZA vs BOI in the Philippines: Which Incentive Structure Fits Your Manufacturing or Logistics Model?](https:\/\/www.aseanbriefing.com\/news\/peza-vs-boi-in-the-philippines-which-incentive-structure-fits-your-manufacturing-or-logistics-model\/)\n    Apr 26\n  - ### [Fixed-Term vs Regular Employment Contracts When Foreign Firms Hire in the Philippines](https:\/\/www.aseanbriefing.com\/news\/fixed-term-vs-regular-employment-contracts-when-foreign-firms-hire-in-the-philippines\/)\n    Mar 26\n  - ### [Philippines–UAE CEPA: Trade Expansion and Investment Implications](https:\/\/www.aseanbriefing.com\/news\/philippines-uae-cepa-trade-expansion-and-investment-implications\/)\n    Mar 26\n  - ### [How to Add or Amend Business Activities After Incorporation in the Philippines](https:\/\/www.aseanbriefing.com\/news\/how-to-add-or-amend-business-activities-after-incorporation-in-the-philippines\/)\n    Feb 26\n  - ### [Understanding Capital Gains Treatment for Share and Asset Transfers in the Philippines](https:\/\/www.aseanbriefing.com\/news\/understanding-capital-gains-treatment-for-share-and-asset-transfers-in-the-philippines\/)\n    Feb 26\n  \n  - [Singapore](https:\/\/www.aseanbriefing.com\/across-asean\/singapore)\n  - ### [Singapore’s Business Support Measures Amid Shifting Cost Conditions](https:\/\/www.aseanbriefing.com\/news\/singapores-business-support-measures-amid-shifting-cost-conditions\/)\n    Apr 26\n  - ### [How Foreign-Sourced Income Is Taxed in Singapore: What Investors Must Decide Before Claiming Exemptions](https:\/\/www.aseanbriefing.com\/news\/how-foreign-sourced-income-is-taxed-in-singapore-what-investors-must-decide-before-claiming-exemptions\/)\n    Apr 26\n  - ### [Adapting to Singapore’s 15% Global Minimum Tax as a Multinational](https:\/\/www.aseanbriefing.com\/news\/adapting-to-singapores-15-global-minimum-tax-as-a-multinational\/)\n    Apr 26\n  - ### [Singapore as ASEAN’s Logistics Hub: Warehousing, Trade Facilitation, and Investment Opportunities](https:\/\/www.aseanbriefing.com\/news\/singapore-as-aseans-logistics-hub-warehousing-trade-facilitation-and-investment-opportunities\/)\n    Apr 26\n  - ### [Singapore Subsidiary or Branch Office: How Foreign Companies Should Structure Market Entry](https:\/\/www.aseanbriefing.com\/news\/singapore-subsidiary-branch-office-market-entry-entity-selection\/)\n    Mar 26\n  - ### [How Global Energy Price Volatility Could Affect Singapore’s Economy](https:\/\/www.aseanbriefing.com\/news\/energy-price-volatility-singapore-impact\/)\n    Mar 26\n  \n  - [Thailand](https:\/\/www.aseanbriefing.com\/across-asean\/thailand)\n  - ### [Thailand’s Omnibus Law Plan Streamlining Regulation and Cutting Business Costs](https:\/\/www.aseanbriefing.com\/news\/thailands-omnibus-law-plan-streamlining-regulation-and-cutting-business-costs\/)\n    Apr 26\n  - ### [Personal Income Tax Filing in Thailand: What Expats Need to Know](https:\/\/www.aseanbriefing.com\/news\/personal-income-tax-filing-in-thailand-what-expats-need-to-know\/)\n    Mar 26\n  - ### [Navigating Thailand’s Competition Law and Merger Approval Regime for Foreign Businesses](https:\/\/www.aseanbriefing.com\/news\/navigating-thailands-competition-law-and-merger-approval-regime-for-foreign-businesses\/)\n    Feb 26\n  - ### [Choosing The Appropriate Legal Entity for Foreign Investors in Thailand](https:\/\/www.aseanbriefing.com\/news\/choosing-the-appropriate-legal-entity-for-foreign-investors-in-thailand\/)\n    Jan 26\n  - ### [Thailand Introduces Digital Work Permit System for Foreign Employers](https:\/\/www.aseanbriefing.com\/news\/thailand-introduces-digital-work-permit-system-for-foreign-employers\/)\n    Nov 25\n  - ### [How Foreign Investors Should Structure M\\&A in Thailand](https:\/\/www.aseanbriefing.com\/news\/how-foreign-investors-should-structure-ma-in-thailand\/)\n    Nov 25\n  \n  - 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[Germany](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/german-trade-with-singapore-an-overview)\n  - [Gulf Cooperation Council](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/the-gcc-singapore-free-trade-agreement-opportunities-for-businesses)\n  - [Indonesia](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/the-indonesia-singapore-bilateral-investment-treaty-comes-into-effect)\n  - [Indonesia Defense, Airspace, & Extradition Treaty](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/sector-insights\/indonesia-and-singapore-sign-important-defense-airspace-management-and-extradition-treaties)\n  - [Indonesia - Signapore Tax Treaty Updates](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/the-updated-indonesia-singapore-tax-treaty-enters-into-force)\n  - [Russia](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/asean-s-trade-relations-with-russia)\n  - 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[Asia Briefing](https:\/\/www.asiabriefing.com\/)\n  - [China Briefing](https:\/\/www.china-briefing.com\/)\n  - [ASEAN Briefing](https:\/\/www.aseanbriefing.com\/)\n  - [India Briefing](https:\/\/www.india-briefing.com\/)\n  - [Vietnam Briefing](https:\/\/www.vietnam-briefing.com\/)\n  - [Middle East Briefing](https:\/\/www.middleeastbriefing.com\/)\n- - [EN](https:\/\/www.aseanbriefing.com\/)\n  - [FR](https:\/\/www.aseanbriefing.com\/news\/category\/language\/french)\n  - [DE](https:\/\/www.aseanbriefing.com\/news\/category\/language\/german)\n  - [IT](https:\/\/www.aseanbriefing.com\/news\/category\/language\/italian)\n  - [ES](https:\/\/www.aseanbriefing.com\/news\/category\/language\/spanish)\n  - [CN](https:\/\/www.aseanbriefing.com\/news\/category\/language\/chinese)\n  - [PT](https:\/\/www.aseanbriefing.com\/news\/category\/language\/portuguese)\n- [Subscribe](https:\/\/www.aseanbriefing.com\/register)\n\n![](https:\/\/www.aseanbriefing.com\/assets\/images\/icon-close.svg) Close\n\n- [Tariffs](https:\/\/www.aseanbriefing.com\/tariff-updates)\n  #### Top Articles in Tariffs\n  [![Breaking Down the US-China Trade Tariffs: What's in Effect Now?](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.china-briefing.com\/news\/us-china-tariff-rates-2025\/)\n  \n  ### [Breaking Down the US-China Trade Tariffs: What's in Effect Now?](https:\/\/www.china-briefing.com\/news\/us-china-tariff-rates-2025\/)\n  Mar 27\n  \n  The current landscape of US-China tariff rates is complex, with multiple overlapping trade measures in effect. This article explains which tariffs apply in 2025 and how they intersect.\n  \n  - ### [US-China Relations in the Trump 2.0 Era: A Timeline](https:\/\/www.china-briefing.com\/news\/us-china-relations-in-the-trump-2-0-implications\/)\n    Mar 27\n  - ### [Vietnam’s Wood Industry in 2026: Navigating Challenges and Seizing New Opportunities](https:\/\/www.vietnam-briefing.com\/news\/vietnams-wood-industry-2026-challenges-new-opportunities.html\/)\n    Mar 16\n  - ### [US Supreme Court Blocks Trump's Tariffs: Implications for Vietnam–US Trade and Businesses](https:\/\/www.vietnam-briefing.com\/news\/us-supreme-court-blocks-trumps-tariffs-implications-for-vietnam-us-trade.html\/)\n    Feb 27\n  - ### [US Tariff Twists: Where Does India Stand and How Will Exporters Get Impacted?](https:\/\/www.india-briefing.com\/news\/us-supreme-court-tariff-ruling-india-impact-43006.html\/)\n    Feb 26\n  - ### [US Supreme Court Strikes Down Trump’s Tariffs: Implications for Gulf Trade and Business](https:\/\/www.middleeastbriefing.com\/news\/us-supreme-court-ruiling-trumps-tariffs-implications-gulf\/)\n    Feb 23\n  - ### [US Supreme Court Strikes Down Trump’s Tariffs – What it Means for the US-China Détente](https:\/\/www.china-briefing.com\/news\/supreme-court-tariff-ruling-china-impact\/)\n    Feb 23\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/tariff-updates)\n- [Economy](https:\/\/www.aseanbriefing.com\/news\/category\/economy-trade)\n  #### Top Articles in Economy\n  [![Thailand’s Omnibus Law Plan Streamlining Regulation and Cutting Business Costs](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.aseanbriefing.com\/news\/thailands-omnibus-law-plan-streamlining-regulation-and-cutting-business-costs\/)\n  \n  ### [Thailand’s Omnibus Law Plan Streamlining Regulation and Cutting Business Costs](https:\/\/www.aseanbriefing.com\/news\/thailands-omnibus-law-plan-streamlining-regulation-and-cutting-business-costs\/)\n  Apr 15\n  \n  Thailand’s omnibus law and 180-day super license aim to simplify approvals, reduce costs, and improve investment timelines. Here’s what it means for foreign investors.\n  \n  - ### [Singapore’s Business Support Measures Amid Shifting Cost Conditions](https:\/\/www.aseanbriefing.com\/news\/singapores-business-support-measures-amid-shifting-cost-conditions\/)\n    Apr 15\n  - ### [Adapting to Singapore’s 15% Global Minimum Tax as a Multinational](https:\/\/www.aseanbriefing.com\/news\/adapting-to-singapores-15-global-minimum-tax-as-a-multinational\/)\n    Apr 11\n  - ### [PEZA vs BOI in the Philippines: Which Incentive Structure Fits Your Manufacturing or Logistics Model?](https:\/\/www.aseanbriefing.com\/news\/peza-vs-boi-in-the-philippines-which-incentive-structure-fits-your-manufacturing-or-logistics-model\/)\n    Apr 06\n  - ### [Singapore as ASEAN’s Logistics Hub: Warehousing, Trade Facilitation, and Investment Opportunities](https:\/\/www.aseanbriefing.com\/news\/singapore-as-aseans-logistics-hub-warehousing-trade-facilitation-and-investment-opportunities\/)\n    Apr 02\n  - ### [Singapore Subsidiary or Branch Office: How Foreign Companies Should Structure Market Entry](https:\/\/www.aseanbriefing.com\/news\/singapore-subsidiary-branch-office-market-entry-entity-selection\/)\n    Mar 24\n  - ### [Indonesia’s QRIS Expansion Across APEC and What It Means for Businesses](https:\/\/www.aseanbriefing.com\/news\/indonesias-qris-expansion-across-apec-and-what-it-means-for-businesses\/)\n    Mar 23\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/news\/category\/economy-trade)\n- [Industries](https:\/\/www.aseanbriefing.com\/news\/category\/industries)\n  #### Top Articles in Industries\n  [![Malaysia’s New Manufacturing Incentives: How to Structure Your Investment Under the NIF in 2026](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.aseanbriefing.com\/news\/malaysias-new-manufacturing-incentives-how-to-structure-your-investment-under-the-nif-in-2026\/)\n  \n  ### [Malaysia’s New Manufacturing Incentives: How to Structure Your Investment Under the NIF in 2026](https:\/\/www.aseanbriefing.com\/news\/malaysias-new-manufacturing-incentives-how-to-structure-your-investment-under-the-nif-in-2026\/)\n  Apr 07\n  \n  Malaysia’s new NIF changes how incentives work. Learn how to qualify, avoid mistakes, and structure your manufacturing investment.\n  \n  - ### [PEZA vs BOI in the Philippines: Which Incentive Structure Fits Your Manufacturing or Logistics Model?](https:\/\/www.aseanbriefing.com\/news\/peza-vs-boi-in-the-philippines-which-incentive-structure-fits-your-manufacturing-or-logistics-model\/)\n    Apr 06\n  - ### [Singapore as ASEAN’s Logistics Hub: Warehousing, Trade Facilitation, and Investment Opportunities](https:\/\/www.aseanbriefing.com\/news\/singapore-as-aseans-logistics-hub-warehousing-trade-facilitation-and-investment-opportunities\/)\n    Apr 02\n  - ### [Indonesia Coal 2026: How Export Controls and Policy Shape Investment Returns](https:\/\/www.aseanbriefing.com\/news\/indonesia-coal-2026-how-export-controls-and-policy-shape-investment-returns\/)\n    Apr 02\n  - ### [How Global Energy Price Volatility Could Affect Singapore’s Economy](https:\/\/www.aseanbriefing.com\/news\/energy-price-volatility-singapore-impact\/)\n    Mar 19\n  - ### [Laos Land Conversion Policy: New Entry Points for Foreign Investors](https:\/\/www.aseanbriefing.com\/news\/laos-land-conversion-policy-investor-entry-options\/)\n    Mar 17\n  - ### [ASEAN’s LNG Export Leaders: Investment and Energy Trade Opportunities in Malaysia and Indonesia](https:\/\/www.aseanbriefing.com\/news\/lng-investment-malaysia-indonesia\/)\n    Mar 17\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/news\/category\/industries)\n- [Tax\/Accounting](https:\/\/www.aseanbriefing.com\/news\/category\/tax-accounting)\n  #### Top Articles in Tax\/Accounting\n  [![Branch vs Subsidiary in Vietnam: Corporate Income Tax Impact](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.aseanbriefing.com\/news\/branch-vs-subsidiary-in-vietnam-corporate-income-tax-impact\/)\n  \n  ### [Branch vs Subsidiary in Vietnam: Corporate Income Tax Impact](https:\/\/www.aseanbriefing.com\/news\/branch-vs-subsidiary-in-vietnam-corporate-income-tax-impact\/)\n  Apr 17\n  \n  Planning entry into Vietnam? Understand how corporate tax shapes profit allocation, repatriation, and risk when choosing your structure.\n  \n  - ### [How Foreign-Sourced Income Is Taxed in Singapore: What Investors Must Decide Before Claiming Exemptions](https:\/\/www.aseanbriefing.com\/news\/how-foreign-sourced-income-is-taxed-in-singapore-what-investors-must-decide-before-claiming-exemptions\/)\n    Apr 14\n  - ### [How Foreign Investors Should Prepare for an LHDN Tax Audit in Malaysia](https:\/\/www.aseanbriefing.com\/news\/how-foreign-investors-should-prepare-for-an-lhdn-tax-audit-in-malaysia\/)\n    Apr 10\n  - ### [Vietnam Tax Rules on Software Licensing and Digital Services: What Foreign Contractors Need to Know](https:\/\/www.aseanbriefing.com\/news\/vietnam-tax-rules-on-software-licensing-and-digital-services-what-foreign-contractors-need-to-know\/)\n    Apr 09\n  - ### [Malaysia’s New Manufacturing Incentives: How to Structure Your Investment Under the NIF in 2026](https:\/\/www.aseanbriefing.com\/news\/malaysias-new-manufacturing-incentives-how-to-structure-your-investment-under-the-nif-in-2026\/)\n    Apr 07\n  - ### [Vietnam Tax Loss Carryforward: When Profits Can Be Recovered](https:\/\/www.aseanbriefing.com\/news\/vietnam-tax-loss-carryforward-when-profits-can-be-recovered\/)\n    Apr 01\n  - ### [Malaysia Withholding Tax Risks for Cross-Border Payments](https:\/\/www.aseanbriefing.com\/news\/malaysia-withholding-tax-risks-for-cross-border-payments\/)\n    Mar 26\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/news\/category\/tax-accounting)\n- [Regulatory](https:\/\/www.aseanbriefing.com\/news\/category\/legal-regulatory)\n  #### Top Articles in Regulatory\n  [![Adapting to Singapore’s 15% Global Minimum Tax as a Multinational](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.aseanbriefing.com\/news\/adapting-to-singapores-15-global-minimum-tax-as-a-multinational\/)\n  \n  ### [Adapting to Singapore’s 15% Global Minimum Tax as a Multinational](https:\/\/www.aseanbriefing.com\/news\/adapting-to-singapores-15-global-minimum-tax-as-a-multinational\/)\n  Apr 11\n  \n  Singapore’s 15% minimum tax is reshaping multinational structures. Understand exposure, costs, and why Singapore remains a leading hub.\n  \n  - ### [Indonesia’s Minimum Investment Requirements: What Foreign Investors Need to Plan Before Entry](https:\/\/www.aseanbriefing.com\/news\/indonesias-minimum-investment-requirements-what-foreign-investors-need-to-plan-before-entry\/)\n    Apr 09\n  - ### [Philippines Domestic Corporation Setup: Avoid Costly Mistakes Before You Invest](https:\/\/www.aseanbriefing.com\/news\/philippines-domestic-corporation-setup-avoid-costly-mistakes-before-you-invest\/)\n    Apr 08\n  - ### [Singapore Subsidiary or Branch Office: How Foreign Companies Should Structure Market Entry](https:\/\/www.aseanbriefing.com\/news\/singapore-subsidiary-branch-office-market-entry-entity-selection\/)\n    Mar 24\n  - ### [Shareholder Agreements in Singapore for Foreign Investors: Control, Exit Rights, and Protection](https:\/\/www.aseanbriefing.com\/news\/shareholder-agreements-in-singapore-for-foreign-investors-control-exit-rights-and-protection\/)\n    Feb 23\n  - ### [Should Investors Consolidate Indonesia Operations Under a Holding Company?](https:\/\/www.aseanbriefing.com\/news\/should-investors-consolidate-indonesia-operations-under-a-holding-company\/)\n    Feb 18\n  - ### [Singapore AML and KYC Rules for Foreign Shareholders](https:\/\/www.aseanbriefing.com\/news\/singapore-aml-and-kyc-rules-for-foreign-shareholders\/)\n    Feb 17\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/news\/category\/legal-regulatory)\n- [HR\/Payroll](https:\/\/www.aseanbriefing.com\/news\/category\/human-resources-payroll)\n  #### Top Articles in HR\/Payroll\n  [![Fixed-Term vs Regular Employment Contracts When Foreign Firms Hire in the Philippines](https:\/\/www.aseanbriefing.com\/assets\/images\/loading.gif)](https:\/\/www.aseanbriefing.com\/news\/fixed-term-vs-regular-employment-contracts-when-foreign-firms-hire-in-the-philippines\/)\n  \n  ### [Fixed-Term vs Regular Employment Contracts When Foreign Firms Hire in the Philippines](https:\/\/www.aseanbriefing.com\/news\/fixed-term-vs-regular-employment-contracts-when-foreign-firms-hire-in-the-philippines\/)\n  Mar 28\n  \n  Foreign firms hiring in the Philippines should assess whether fixed-term or regular employment contracts are appropriate. Learn the legal risks, costs, and compliance considerations.\n  \n  - ### [Personal Income Tax Filing in Thailand: What Expats Need to Know](https:\/\/www.aseanbriefing.com\/news\/personal-income-tax-filing-in-thailand-what-expats-need-to-know\/)\n    Mar 11\n  - ### [THR Compliance in Indonesia: What Foreign Employers Must Review Before Eid 2026](https:\/\/www.aseanbriefing.com\/news\/thr-compliance-in-indonesia-what-foreign-employers-must-review-before-eid-2026\/)\n    Mar 04\n  - ### [Vietnam’s 183-Day Rule: Tax Implications for Foreign Employees](https:\/\/www.aseanbriefing.com\/news\/vietnams-183-day-rule-tax-implications-for-foreign-employees\/)\n    Feb 11\n  - ### [Using Business Intelligence to Evaluate Workforce Availability and Wage Levels in Indonesia](https:\/\/www.aseanbriefing.com\/news\/using-business-intelligence-to-evaluate-workforce-availability-and-wage-levels-in-indonesia\/)\n    Feb 09\n  - ### [Malaysia Revises Its Expatriate Employment Policy](https:\/\/www.aseanbriefing.com\/news\/malaysia-revises-its-expatriate-employment-policy\/)\n    Jan 19\n  - ### [Local Director and Management Presence Requirements in Singapore](https:\/\/www.aseanbriefing.com\/news\/local-director-and-management-presence-requirements-in-singapore\/)\n    Jan 06\n  \n  [Read All](https:\/\/www.aseanbriefing.com\/news\/category\/human-resources-payroll)\n- [Across ASEAN](https:\/\/www.aseanbriefing.com\/across-asean)\n  ![](https:\/\/www.aseanbriefing.com\/assets\/images\/mega-menu\/aseanb\/l1_right.png?v3)\n  \n  - [**Across ASEAN**](https:\/\/www.aseanbriefing.com\/across-asean)\n  - [Indonesia](https:\/\/www.aseanbriefing.com\/across-asean\/indonesia)\n  - [Malaysia](https:\/\/www.aseanbriefing.com\/across-asean\/malaysia)\n  - [Philippines](https:\/\/www.aseanbriefing.com\/across-asean\/philippines)\n  - [Singapore](https:\/\/www.aseanbriefing.com\/across-asean\/singapore)\n  - [Thailand](https:\/\/www.aseanbriefing.com\/across-asean\/thailand)\n  - [Vietnam](https:\/\/www.aseanbriefing.com\/across-asean\/vietnam)\n  - [See all](https:\/\/www.aseanbriefing.com\/across-asean)\n  \n  - [Indonesia](https:\/\/www.aseanbriefing.com\/across-asean\/indonesia)\n  - ### [Indonesia’s Minimum Investment Requirements: What Foreign Investors Need to Plan Before Entry](https:\/\/www.aseanbriefing.com\/news\/indonesias-minimum-investment-requirements-what-foreign-investors-need-to-plan-before-entry\/)\n    Apr 26\n  - ### [Indonesia Coal 2026: How Export Controls and Policy Shape Investment Returns](https:\/\/www.aseanbriefing.com\/news\/indonesia-coal-2026-how-export-controls-and-policy-shape-investment-returns\/)\n    Apr 26\n  - ### [Indonesia’s QRIS Expansion Across APEC and What It Means for Businesses](https:\/\/www.aseanbriefing.com\/news\/indonesias-qris-expansion-across-apec-and-what-it-means-for-businesses\/)\n    Mar 26\n  - ### [Indonesia Corporate Income Tax Framework for Foreign-Owned Companies](https:\/\/www.aseanbriefing.com\/news\/indonesia-corporate-income-tax-framework-for-foreign-owned-companies\/)\n    Mar 26\n  - ### [ASEAN’s LNG Export Leaders: Investment and Energy Trade Opportunities in Malaysia and Indonesia](https:\/\/www.aseanbriefing.com\/news\/lng-investment-malaysia-indonesia\/)\n    Mar 26\n  - ### [Indonesia’s Danantara After Year One: Growth Targets, Asset Consolidation, and Investment Implications](https:\/\/www.aseanbriefing.com\/news\/indonesias-danantara-after-year-one-growth-targets-asset-consolidation-and-investment-implications\/)\n    Mar 26\n  \n  - [Malaysia](https:\/\/www.aseanbriefing.com\/across-asean\/malaysia)\n  - ### [How Foreign Investors Should Prepare for an LHDN Tax Audit in Malaysia](https:\/\/www.aseanbriefing.com\/news\/how-foreign-investors-should-prepare-for-an-lhdn-tax-audit-in-malaysia\/)\n    Apr 26\n  - ### [Malaysia’s New Manufacturing Incentives: How to Structure Your Investment Under the NIF in 2026](https:\/\/www.aseanbriefing.com\/news\/malaysias-new-manufacturing-incentives-how-to-structure-your-investment-under-the-nif-in-2026\/)\n    Apr 26\n  - ### [Malaysia Withholding Tax Risks for Cross-Border Payments](https:\/\/www.aseanbriefing.com\/news\/malaysia-withholding-tax-risks-for-cross-border-payments\/)\n    Mar 26\n  - ### [ASEAN’s LNG Export Leaders: Investment and Energy Trade Opportunities in Malaysia and Indonesia](https:\/\/www.aseanbriefing.com\/news\/lng-investment-malaysia-indonesia\/)\n    Mar 26\n  - ### [How CPTPP Is Reshaping Malaysia’s Export Markets](https:\/\/www.aseanbriefing.com\/news\/how-cptpp-is-reshaping-malaysias-export-markets\/)\n    Mar 26\n  - ### [Malaysia’s Rising Role in US Trade and What It Means for Foreign Investors](https:\/\/www.aseanbriefing.com\/news\/malaysias-rising-role-in-us-trade-and-what-it-means-for-foreign-investors\/)\n    Feb 26\n  \n  - [Philippines](https:\/\/www.aseanbriefing.com\/across-asean\/philippines)\n  - ### [Philippines Domestic Corporation Setup: Avoid Costly Mistakes Before You Invest](https:\/\/www.aseanbriefing.com\/news\/philippines-domestic-corporation-setup-avoid-costly-mistakes-before-you-invest\/)\n    Apr 26\n  - ### [PEZA vs BOI in the Philippines: Which Incentive Structure Fits Your Manufacturing or Logistics Model?](https:\/\/www.aseanbriefing.com\/news\/peza-vs-boi-in-the-philippines-which-incentive-structure-fits-your-manufacturing-or-logistics-model\/)\n    Apr 26\n  - ### [Fixed-Term vs Regular Employment Contracts When Foreign Firms Hire in the Philippines](https:\/\/www.aseanbriefing.com\/news\/fixed-term-vs-regular-employment-contracts-when-foreign-firms-hire-in-the-philippines\/)\n    Mar 26\n  - ### [Philippines–UAE CEPA: Trade Expansion and Investment Implications](https:\/\/www.aseanbriefing.com\/news\/philippines-uae-cepa-trade-expansion-and-investment-implications\/)\n    Mar 26\n  - ### [How to Add or Amend Business Activities After Incorporation in the Philippines](https:\/\/www.aseanbriefing.com\/news\/how-to-add-or-amend-business-activities-after-incorporation-in-the-philippines\/)\n    Feb 26\n  - ### [Understanding Capital Gains Treatment for Share and Asset Transfers in the Philippines](https:\/\/www.aseanbriefing.com\/news\/understanding-capital-gains-treatment-for-share-and-asset-transfers-in-the-philippines\/)\n    Feb 26\n  \n  - [Singapore](https:\/\/www.aseanbriefing.com\/across-asean\/singapore)\n  - ### [Singapore’s Business Support Measures Amid Shifting Cost Conditions](https:\/\/www.aseanbriefing.com\/news\/singapores-business-support-measures-amid-shifting-cost-conditions\/)\n    Apr 26\n  - ### [How Foreign-Sourced Income Is Taxed in Singapore: What Investors Must Decide Before Claiming Exemptions](https:\/\/www.aseanbriefing.com\/news\/how-foreign-sourced-income-is-taxed-in-singapore-what-investors-must-decide-before-claiming-exemptions\/)\n    Apr 26\n  - ### [Adapting to Singapore’s 15% Global Minimum Tax as a Multinational](https:\/\/www.aseanbriefing.com\/news\/adapting-to-singapores-15-global-minimum-tax-as-a-multinational\/)\n    Apr 26\n  - ### [Singapore as ASEAN’s Logistics Hub: Warehousing, Trade Facilitation, and Investment Opportunities](https:\/\/www.aseanbriefing.com\/news\/singapore-as-aseans-logistics-hub-warehousing-trade-facilitation-and-investment-opportunities\/)\n    Apr 26\n  - ### [Singapore Subsidiary or Branch Office: How Foreign Companies Should Structure Market Entry](https:\/\/www.aseanbriefing.com\/news\/singapore-subsidiary-branch-office-market-entry-entity-selection\/)\n    Mar 26\n  - ### [How Global Energy Price Volatility Could Affect Singapore’s Economy](https:\/\/www.aseanbriefing.com\/news\/energy-price-volatility-singapore-impact\/)\n    Mar 26\n  \n  - [Thailand](https:\/\/www.aseanbriefing.com\/across-asean\/thailand)\n  - ### [Thailand’s Omnibus Law Plan Streamlining Regulation and Cutting Business Costs](https:\/\/www.aseanbriefing.com\/news\/thailands-omnibus-law-plan-streamlining-regulation-and-cutting-business-costs\/)\n    Apr 26\n  - ### [Personal Income Tax Filing in Thailand: What Expats Need to Know](https:\/\/www.aseanbriefing.com\/news\/personal-income-tax-filing-in-thailand-what-expats-need-to-know\/)\n    Mar 26\n  - ### [Navigating Thailand’s Competition Law and Merger Approval Regime for Foreign Businesses](https:\/\/www.aseanbriefing.com\/news\/navigating-thailands-competition-law-and-merger-approval-regime-for-foreign-businesses\/)\n    Feb 26\n  - ### [Choosing The Appropriate Legal Entity for Foreign Investors in Thailand](https:\/\/www.aseanbriefing.com\/news\/choosing-the-appropriate-legal-entity-for-foreign-investors-in-thailand\/)\n    Jan 26\n  - ### [Thailand Introduces Digital Work Permit System for Foreign Employers](https:\/\/www.aseanbriefing.com\/news\/thailand-introduces-digital-work-permit-system-for-foreign-employers\/)\n    Nov 25\n  - ### [How Foreign Investors Should Structure M\\&A in Thailand](https:\/\/www.aseanbriefing.com\/news\/how-foreign-investors-should-structure-ma-in-thailand\/)\n    Nov 25\n  \n  - 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It publishes business news concerning foreign direct investment into ASEAN, including the most important tax, legal and accounting issues. The ASEAN Briefing Magazine was first published in 2009, and is contributed to by investment professionals based in ASEAN.\n  \n  ![](https:\/\/www.aseanbriefing.com\/assets\/images\/country-guides\/cta-bg-mega-menu-dsa-t.jpg)\n- [Doing Business](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore)\n  ![](https:\/\/www.aseanbriefing.com\/assets\/images\/mega-menu\/aseanb\/l1_right.png?v3)\n  \n  ![](https:\/\/d2h56l9e5xqoi4.cloudfront.net\/ab\/portals\/flag_malaysia_nation_icon.png) Invest in Malaysia\n  \n  [![](https:\/\/d2h56l9e5xqoi4.cloudfront.net\/ab\/portals\/flag_indonesia_nation_icon.png) Invest in Indonesia]() [![](https:\/\/d2h56l9e5xqoi4.cloudfront.net\/ab\/portals\/flag_malaysia_nation_icon.png) Invest in Malaysia]() [![](https:\/\/d2h56l9e5xqoi4.cloudfront.net\/ab\/portals\/flag_nation_singapore_icon.png) Invest in Singapore]()\n  \n  - [Why Singapore](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/why-singapore)\n  - [Sector Insights](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/sector-insights)\n  - 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[Indonesia Defense, Airspace, & Extradition Treaty](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/sector-insights\/indonesia-and-singapore-sign-important-defense-airspace-management-and-extradition-treaties)\n  - [Indonesia - Signapore Tax Treaty Updates](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/the-updated-indonesia-singapore-tax-treaty-enters-into-force)\n  - [Russia](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/asean-s-trade-relations-with-russia)\n  - [UK-Singapore FTA](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/the-uk-singapore-free-trade-agreement-salient-features)\n  - [United States](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/us-seeks-supply-chain-and-other-partnerships-with-singapore-vietnam-in-new-soft-power-approach)\n  - [Developments in the Singapore-Australia Green Economy Agreement](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/developments-in-the-singapore-australia-green-economy-agreement)\n  - [Singapore-UK Bilateral Investment Treaty](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/singapore-uk-bilateral-investment-treaty-status-of-negotiations)\n  - [Singapore and India Link Real Time Retail Payment Systems](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/trade-relationships\/singapore-and-india-link-real-time-retail-payment-systems)\n  \n  [![](https:\/\/resource.dezshira.com\/resize\/350x150\/countryguide\/Singapore\/why-foreign-companies_thumb.jpg)](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/why-singapore\/why-do-foreign-businesses-relocate-to-singapore)\n  \n  ### [Why Do Foreign Businesses Relocate to Singapore?](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/why-singapore\/why-do-foreign-businesses-relocate-to-singapore)\n  Singapore offers one of the most investment-friendly business environment among its ASEAN peers. Businesses operating in Singapore enjoy incentives such as over 80 double taxation avoidance agreements, significant tax deductions, and numerous free trade agreements.\n  \n  [Find out more](https:\/\/www.aseanbriefing.com\/doing-business-guide\/singapore\/why-singapore\/why-do-foreign-businesses-relocate-to-singapore)\n\n# Singapore Increases Goods and Services Tax for 2024\nJanuary 2, 2024\n\nPosted by [ASEAN Briefing](https:\/\/www.aseanbriefing.com\/news\/author\/asean-briefing\/ \"View all posts by ASEAN Briefing\") Written by [Ayman Falak Medina](https:\/\/www.asiabriefing.com\/personnel\/ayman-falak.html)  Reading Time:  **2 minutes**\n\nSingapore has increased its goods and services tax (GST) rate by one percent to nine percent as of **January 1, 2024**.\n\nGST is a value-added tax levied on most supplies of goods and services as well as on imported goods.\n\n## Why is Singapore increasing its GST levy?\nSingapore announced planned GST increases during the 2022 budget with the rate raised in two steps, from seven to eight percent in 2023, and eight to nine percent in 2024. The revenue received from the increase in GST will be used to cover the country’s medium-term needs.\n\nThe steady tax increase showcases Singapore’s need to shore up its tax revenue base, especially as healthcare costs continue to rise in the city-state. The government designated an estimated US\\$12 billion for healthcare in the 2023 budget, triple to what was designated 10 years ago. Further, Singapore is expected to spend S\\$59 billion (US\\$44.7 billion) on healthcare by 2030.\n\n### An aging population\nSingapore’s healthcare expenditure is rising significantly due to its rapidly aging population. Today, 1 in 7 Singaporeans are aged 65 and above. By 2030, this is expected to be 1 in 40, or approximately one-quarter of the population.\n\n## How should GST-registered businesses prepare for the increase?\n[GST-registered businesses](https:\/\/www.aseanbriefing.com\/news\/singapore-to-begin-goods-and-sales-tax-increase-from-january-2023\/) are advised to prepare as soon as possible for the upcoming rate change. Some areas that businesses should address include:\n\n- Updating their accounting and invoicing systems to accommodate for the new GST rate;\n- Updating any pricing schedules made available to customers and the public, such as on websites;\n- Updating their cash register systems;\n- Review contracts and agreements with suppliers or customers to accommodate the new rate;\n- Equip employees with the relevant GST knowledge so that they are aware of its impact; and\/or\n- Seek the help of professional advisors who can assist in applying for any relevant GST schemes from the government.\n\n**Webinar – Unveiling Southeast Asia’s Opportunities: 2023 Achievements and 2024 Prospects**\n\n**February 29, 2023, \\| 9:00 AM Los Angeles \/ 12:00 PM New York \/ 6:00 PM Brussels**\n\nJoin us in this data-driven webinar as Kyle Freeman, Partner and Head of the North American Client Services Desk in Asia, shares insights on Southeast Asia’s 2023 economic indicators and provides an overview of what to expect in 2024. The focus will be on trade and investment trends, noteworthy developments affecting businesses, and opportunities for foreign companies.\n\n**[Join us in this free webinar.](https:\/\/attendee.gotowebinar.com\/register\/3159650508977392727?source=ab)**\n\n[Register Now](https:\/\/attendee.gotowebinar.com\/register\/3159650508977392727?source=ab)\n\n***About Us***\n\n*ASEAN Briefing is produced by [Dezan Shira & Associates](https:\/\/www.dezshira.com\/?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F). The firm assists foreign investors throughout Asia and maintains offices throughout ASEAN, including in [Singapore](https:\/\/www.dezshira.com\/office\/singapore.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), [Hanoi](https:\/\/www.dezshira.com\/office\/vietnam\/hanoi.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), [Ho Chi Minh City](https:\/\/www.dezshira.com\/office\/vietnam\/ho-chi-minh-city.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), and [Da Nang](https:\/\/www.dezshira.com\/office\/vietnam\/da-nang.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F) in Vietnam, in addition to [Jakarta](https:\/\/www.dezshira.com\/office\/indonesia.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), in Indonesia. We also have partner firms in [Malaysia](https:\/\/www.dezshira.com\/office\/malaysia.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), the [Philippines](https:\/\/www.dezshira.com\/office\/philippines.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), and [Thailand](https:\/\/www.dezshira.com\/office\/thailand.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F) as well as our practices in [China](https:\/\/www.dezshira.com\/office\/china?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F) and [India](https:\/\/www.dezshira.com\/office\/india?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F). Please contact us at [asean@dezshira.com](mailto:asean@dezshira.com) or visit our website at [www.dezshira.com](https:\/\/www.dezshira.com\/?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F).*\n\n- Previous Article **[An Introduction to Doing Business in ASEAN 2024 – New Publication from Dezan Shira & Associates](https:\/\/www.aseanbriefing.com\/news\/an-introduction-to-doing-business-in-asean-2024-new-publication-from-dezan-shira-associates\/)**\n- Next Article **[Singapore’s 2024 Economic Outlook](https:\/\/www.aseanbriefing.com\/news\/singapores-2024-economic-outlook\/)**\n\n[![DEZAN SHIRA & ASSOCIATES](https:\/\/www.vietnam-briefing.com\/assets\/images\/dsa-logo.svg)](https:\/\/www.dezshira.com\/?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F)\n\n#### [DEZAN SHIRA & ASSOCIATES](https:\/\/www.dezshira.com\/?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F)\nMeet the firm behind our content. Visit their website to see how their services can help your business succeed.\n\n[About Us](https:\/\/www.dezshira.com\/about-us\/our-firm.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F) [Find an Advisor](https:\/\/www.dezshira.com\/contact?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F)\n\n### In this article\n- [Why is Singapore increasing its GST levy?](https:\/\/www.aseanbriefing.com\/news\/singapore-increases-goods-and-services-tax-for-2024\/#whyissingaporeincreasingitsgstlevyHeader)\n  - [An aging population](https:\/\/www.aseanbriefing.com\/news\/singapore-increases-goods-and-services-tax-for-2024\/#anagingpopulationHeader)\n- [How should GST-registered businesses prepare for the increase?](https:\/\/www.aseanbriefing.com\/news\/singapore-increases-goods-and-services-tax-for-2024\/#howshouldgstregisteredbusinessespreparefortheincreaseHeader)\n\nEvents in ASEAN [All Events](https:\/\/www.dezshira.com\/events\/search?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F)\n\nOur free webinars are packed full of useful information for doing business in ASEAN.\n\n- 23Apr\n  \n  [Investing and Doing Business in Vietnam 2026 \\| Australia Time Zone](https:\/\/www.dezshira.com\/events\/details\/investing-and-doing-business-in-vietnam-2026-australia-time-zone.html)\n  \n  Webinar \\| Thursday, April 23, 2026 \\| 1:00 PM – 2:00 PM AEST \/ 10:00 AM – 11:00 AM Vietnam\n  [![](https:\/\/www.asiabriefing.com\/site-mgmt-v2\/new\/userfiles\/personnel\/Dan_Martin_Dezshira_2024_BW_d5ru9brg769t.png)](http:\/\/www.dezshira.com\/personnel\/dan-martin.html)\n  \n  #### [Dan Martin](http:\/\/www.dezshira.com\/personnel\/dan-martin.html)\n  ##### Co-Head of Business Intelligence\n  [Join Event](https:\/\/www.dezshira.com\/events\/details\/investing-and-doing-business-in-vietnam-2026-australia-time-zone.html)\n- 28Apr\n  \n  [Vietnam Industrial Zone Benchmarking: Choosing the Right Location for FDI Success](https:\/\/www.dezshira.com\/events\/details\/vietnam-industrial-zone-benchmarking-choosing-the-right-location-for-fdi-success-10354.html)\n  \n  Webinar \\| Tuesday, April 28, 2026 \\| 9:00 AM Los Angeles \/ 12:00 PM New York\n  [![](https:\/\/www.asiabriefing.com\/site-mgmt-v2\/new\/userfiles\/personnel\/do-thanh-huyen-200.jpg)](http:\/\/www.dezshira.com\/personnel\/do-thanh-huyen.html)\n  \n  #### [Do Thanh Huyen](http:\/\/www.dezshira.com\/personnel\/do-thanh-huyen.html)\n  ##### Manager\n  \n  [![](https:\/\/www.asiabriefing.com\/site-mgmt-v2\/new\/userfiles\/personnel\/dan-linh-nguyen.jpg)](http:\/\/www.dezshira.com\/personnel\/dan-linh-nguyen.html)\n  \n  #### [Dan Nguyen](http:\/\/www.dezshira.com\/personnel\/dan-linh-nguyen.html)\n  ##### Senior Associate\n  [Join Event](https:\/\/www.dezshira.com\/events\/details\/vietnam-industrial-zone-benchmarking-choosing-the-right-location-for-fdi-success-10354.html)\n- 7May\n  \n  [SVEF Zurich 2026 I Pre-Event Webinar: Investing in Vietnam: Legal, Regulatory & Market insights](https:\/\/www.dezshira.com\/events\/details\/svef-zurich-2026-pre-event-webinar-investing-in-vietnam-legal-regulatory-market-insights.html)\n  \n  Webinar \\| Thursday, May 7, 2026 \\| 2:00 PM Vietnam Time \/ 9:00 AM CET\n  [![](https:\/\/www.asiabriefing.com\/site-mgmt-v2\/new\/userfiles\/personnel\/Portrait_MF_2020_b-w.jpg)](http:\/\/www.dezshira.com\/personnel\/marco-foerster.html)\n  \n  #### [Marco Förster](http:\/\/www.dezshira.com\/personnel\/marco-foerster.html)\n  ##### Director, ASEAN\n  [Join Event](https:\/\/www.dezshira.com\/events\/details\/svef-zurich-2026-pre-event-webinar-investing-in-vietnam-legal-regulatory-market-insights.html)\n\nRelated reading\n\n- [![Opportunities in Indonesia’s Special Economic Zones](https:\/\/resource.dezshira.com\/resize\/280x395\/Publications\/9410\/ASB-2022-07-issue_cover.jpg)](http:\/\/www.asiabriefing.com\/store\/book\/opportunities-indonesia-special-economic-zones.html)\n- [![Opportunities in Indonesia’s Special Economic Zones](https:\/\/resource.dezshira.com\/resize\/280x395\/Publications\/9410\/ASB-2022-07-issue_cover.jpg)](http:\/\/www.asiabriefing.com\/store\/book\/opportunities-indonesia-special-economic-zones.html)\n- [![An Introduction to Doing Business in ASEAN 2024](https:\/\/resource.dezshira.com\/resize\/280x395\/Publications\/9856\/Doing-Business-in-ASEAN-2024_cover.jpg)](http:\/\/www.asiabriefing.com\/store\/book\/introduction-doing-business-asean.html)\n- [![Establishing a Family Office in Singapore](https:\/\/resource.dezshira.com\/resize\/280x395\/Publications\/9766\/ASB-2023-09-issue_cover.jpg)](http:\/\/www.asiabriefing.com\/store\/book\/establishing-family-office-setting-up-singapore.html)\n- [![Opportunities in Indonesia’s Special 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magazines.\n\n[SUBSCRIBE](https:\/\/www.aseanbriefing.com\/register)\n\n### Get free access to our subscriptions and publications\nSubscribe to receive weekly ASEAN Briefing news updates,   \n our latest doing business publications, and access to our Asia archives.\n\n[Sign Up Now](https:\/\/www.aseanbriefing.com\/register)\n\n![Subscribe to ASEAN Briefing](https:\/\/www.aseanbriefing.com\/assets\/images\/ASEAN-mockup.webp)\n\n![](https:\/\/dsa-2021.netlify.app\/assets\/img\/dsa-logo-3rd.svg) Access Our Insights\n\n[![Contact our advisors](https:\/\/d2h56l9e5xqoi4.cloudfront.net\/dsa\/images\/briefing_sticky\/thumb\/Reach+out.webp)](https:\/\/www.dezshira.com\/contact?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F)\n\n[Contact our advisors](https:\/\/www.dezshira.com\/contact?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F)\n\n[![Manage tax risk and compliance with our 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[Personnel](https:\/\/www.aseanbriefing.com\/personnel)\n- [News](https:\/\/www.aseanbriefing.com\/)\n- [Events](https:\/\/www.aseanbriefing.com\/events)\n- [Subscribe](https:\/\/www.aseanbriefing.com\/register)\n\nTopics\n\n- [Economy & Trade](https:\/\/www.aseanbriefing.com\/news\/category\/economy-trade)\n- [Tax & Accounting](https:\/\/www.aseanbriefing.com\/news\/category\/tax-accounting)\n- [Legal & Regulatory](https:\/\/www.aseanbriefing.com\/news\/category\/legal-regulatory)\n- [Industries](https:\/\/www.aseanbriefing.com\/news\/category\/industries)\n- [HR & Payroll](https:\/\/www.aseanbriefing.com\/news\/category\/human-resources-payroll)\n\nBookstore\n\n- [Visit Publication](https:\/\/www.asiabriefing.com\/store)\n- [My Account](https:\/\/www.asiabriefing.com\/login?goto=customer\/account)\n- [My Order History](https:\/\/www.asiabriefing.com\/login?goto=customer\/orders)\n- [Products](https:\/\/www.asiabriefing.com\/store\/search)\n\nMedia Partners\n\n- [Partner](https:\/\/www.aseanbriefing.com\/partners\/)\n\n©1992-2024 Dezan Shira & Associates All Rights Reserved.\n\n- [Terms of Use](https:\/\/www.dezshira.com\/terms-of-use.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F)\n- [Privacy Policy](https:\/\/www.dezshira.com\/privacy-policy.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F)\n\n×\n\n[![ASEAN Briefing Weekly Newsletter](https:\/\/www.aseanbriefing.com\/assets\/images\/ASB-WEEKLY-logo.webp)](https:\/\/www.aseanbriefing.com\/news\/singapore-increases-goods-and-services-tax-for-2024\/)\n\nCan you tell us bit more about you.\n\n×\n\n##### Search our guides, media and news archives\nType keyword to begin searching...\n\n[Back to top](https:\/\/www.aseanbriefing.com\/news\/singapore-increases-goods-and-services-tax-for-2024\/)","attrs_readable_markdown":"Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of **January 1, 2024**.\n\nGST is a value-added tax levied on most supplies of goods and services as well as on imported goods.\n\nSingapore announced planned GST increases during the 2022 budget with the rate raised in two steps, from seven to eight percent in 2023, and eight to nine percent in 2024. The revenue received from the increase in GST will be used to cover the country’s medium-term needs.\n\nThe steady tax increase showcases Singapore’s need to shore up its tax revenue base, especially as healthcare costs continue to rise in the city-state. The government designated an estimated US\\$12 billion for healthcare in the 2023 budget, triple to what was designated 10 years ago. Further, Singapore is expected to spend S\\$59 billion (US\\$44.7 billion) on healthcare by 2030.\n\nSingapore’s healthcare expenditure is rising significantly due to its rapidly aging population. Today, 1 in 7 Singaporeans are aged 65 and above. By 2030, this is expected to be 1 in 40, or approximately one-quarter of the population.\n\n[GST-registered businesses](https:\/\/www.aseanbriefing.com\/news\/singapore-to-begin-goods-and-sales-tax-increase-from-january-2023\/) are advised to prepare as soon as possible for the upcoming rate change. Some areas that businesses should address include:\n\n- Updating their accounting and invoicing systems to accommodate for the new GST rate;\n- Updating any pricing schedules made available to customers and the public, such as on websites;\n- Updating their cash register systems;\n- Review contracts and agreements with suppliers or customers to accommodate the new rate;\n- Equip employees with the relevant GST knowledge so that they are aware of its impact; and\/or\n- Seek the help of professional advisors who can assist in applying for any relevant GST schemes from the government.\n\n**Webinar – Unveiling Southeast Asia’s Opportunities: 2023 Achievements and 2024 Prospects**\n\n**February 29, 2023, \\| 9:00 AM Los Angeles \/ 12:00 PM New York \/ 6:00 PM Brussels**\n\nJoin us in this data-driven webinar as Kyle Freeman, Partner and Head of the North American Client Services Desk in Asia, shares insights on Southeast Asia’s 2023 economic indicators and provides an overview of what to expect in 2024. The focus will be on trade and investment trends, noteworthy developments affecting businesses, and opportunities for foreign companies.\n\n**[Join us in this free webinar.](https:\/\/attendee.gotowebinar.com\/register\/3159650508977392727?source=ab)**\n\n[Register Now](https:\/\/attendee.gotowebinar.com\/register\/3159650508977392727?source=ab)\n\n***About Us***\n\n*ASEAN Briefing is produced by [Dezan Shira & Associates](https:\/\/www.dezshira.com\/?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F). The firm assists foreign investors throughout Asia and maintains offices throughout ASEAN, including in [Singapore](https:\/\/www.dezshira.com\/office\/singapore.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), [Hanoi](https:\/\/www.dezshira.com\/office\/vietnam\/hanoi.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), [Ho Chi Minh City](https:\/\/www.dezshira.com\/office\/vietnam\/ho-chi-minh-city.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), and [Da Nang](https:\/\/www.dezshira.com\/office\/vietnam\/da-nang.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F) in Vietnam, in addition to [Jakarta](https:\/\/www.dezshira.com\/office\/indonesia.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), in Indonesia. We also have partner firms in [Malaysia](https:\/\/www.dezshira.com\/office\/malaysia.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), the [Philippines](https:\/\/www.dezshira.com\/office\/philippines.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), and [Thailand](https:\/\/www.dezshira.com\/office\/thailand.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F) as well as our practices in [China](https:\/\/www.dezshira.com\/office\/china?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F) and [India](https:\/\/www.dezshira.com\/office\/india?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F). Please contact us at [asean@dezshira.com](mailto:asean@dezshira.com) or visit our website at [www.dezshira.com](https:\/\/www.dezshira.com\/?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F).*","meta_canonical":null}

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Meta Description	Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024.
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Boilerpipe Text	Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024 . GST is a value-added tax levied on most supplies of goods and services as well as on imported goods. Singapore announced planned GST increases during the 2022 budget with the rate raised in two steps, from seven to eight percent in 2023, and eight to nine percent in 2024. The revenue received from the increase in GST will be used to cover the country’s medium-term needs. The steady tax increase showcases Singapore’s need to shore up its tax revenue base, especially as healthcare costs continue to rise in the city-state. The government designated an estimated US$12 billion for healthcare in the 2023 budget, triple to what was designated 10 years ago. Further, Singapore is expected to spend S$59 billion (US$44.7 billion) on healthcare by 2030. Singapore’s healthcare expenditure is rising significantly due to its rapidly aging population. Today, 1 in 7 Singaporeans are aged 65 and above. By 2030, this is expected to be 1 in 40, or approximately one-quarter of the population. GST-registered businesses are advised to prepare as soon as possible for the upcoming rate change. Some areas that businesses should address include: Updating their accounting and invoicing systems to accommodate for the new GST rate; Updating any pricing schedules made available to customers and the public, such as on websites; Updating their cash register systems; Review contracts and agreements with suppliers or customers to accommodate the new rate; Equip employees with the relevant GST knowledge so that they are aware of its impact; and/or Seek the help of professional advisors who can assist in applying for any relevant GST schemes from the government. Webinar – Unveiling Southeast Asia’s Opportunities: 2023 Achievements and 2024 Prospects February 29, 2023, \| 9:00 AM Los Angeles / 12:00 PM New York / 6:00 PM Brussels Join us in this data-driven webinar as Kyle Freeman, Partner and Head of the North American Client Services Desk in Asia, shares insights on Southeast Asia’s 2023 economic indicators and provides an overview of what to expect in 2024. The focus will be on trade and investment trends, noteworthy developments affecting businesses, and opportunities for foreign companies. Join us in this free webinar. Register Now About Us ASEAN Briefing is produced by Dezan Shira & Associates . The firm assists foreign investors throughout Asia and maintains offices throughout ASEAN, including in Singapore , Hanoi , Ho Chi Minh City , and Da Nang in Vietnam, in addition to Jakarta , in Indonesia. We also have partner firms in Malaysia , the Philippines , and Thailand as well as our practices in China and India . Please contact us at asean@dezshira.com or visit our website at www.dezshira.com .
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Learn how to qualify, avoid mistakes, and structure your manufacturing investment. - ### [PEZA vs BOI in the Philippines: Which Incentive Structure Fits Your Manufacturing or Logistics Model?](https://www.aseanbriefing.com/news/peza-vs-boi-in-the-philippines-which-incentive-structure-fits-your-manufacturing-or-logistics-model/) Apr 06 - ### [Singapore as ASEAN’s Logistics Hub: Warehousing, Trade Facilitation, and Investment Opportunities](https://www.aseanbriefing.com/news/singapore-as-aseans-logistics-hub-warehousing-trade-facilitation-and-investment-opportunities/) Apr 02 - ### [Indonesia Coal 2026: How Export Controls and Policy Shape Investment Returns](https://www.aseanbriefing.com/news/indonesia-coal-2026-how-export-controls-and-policy-shape-investment-returns/) Apr 02 - ### [How Global Energy Price Volatility Could Affect Singapore’s Economy](https://www.aseanbriefing.com/news/energy-price-volatility-singapore-impact/) Mar 19 - ### [Laos Land Conversion Policy: New Entry Points for Foreign Investors](https://www.aseanbriefing.com/news/laos-land-conversion-policy-investor-entry-options/) Mar 17 - ### [ASEAN’s LNG Export Leaders: Investment and Energy Trade Opportunities in Malaysia and Indonesia](https://www.aseanbriefing.com/news/lng-investment-malaysia-indonesia/) Mar 17 [Read All](https://www.aseanbriefing.com/news/category/industries) - [Tax/Accounting](https://www.aseanbriefing.com/news/category/tax-accounting) #### Top Articles in Tax/Accounting [![Branch vs Subsidiary in Vietnam: Corporate Income Tax Impact](https://www.aseanbriefing.com/assets/images/loading.gif)](https://www.aseanbriefing.com/news/branch-vs-subsidiary-in-vietnam-corporate-income-tax-impact/) ### [Branch vs Subsidiary in Vietnam: Corporate Income Tax Impact](https://www.aseanbriefing.com/news/branch-vs-subsidiary-in-vietnam-corporate-income-tax-impact/) Apr 17 Planning entry into Vietnam? Understand how corporate tax shapes profit allocation, repatriation, and risk when choosing your structure. - ### [How Foreign-Sourced Income Is Taxed in Singapore: What Investors Must Decide Before Claiming Exemptions](https://www.aseanbriefing.com/news/how-foreign-sourced-income-is-taxed-in-singapore-what-investors-must-decide-before-claiming-exemptions/) Apr 14 - ### [How Foreign Investors Should Prepare for an LHDN Tax Audit in Malaysia](https://www.aseanbriefing.com/news/how-foreign-investors-should-prepare-for-an-lhdn-tax-audit-in-malaysia/) Apr 10 - ### [Vietnam Tax Rules on Software Licensing and Digital Services: What Foreign Contractors Need to Know](https://www.aseanbriefing.com/news/vietnam-tax-rules-on-software-licensing-and-digital-services-what-foreign-contractors-need-to-know/) Apr 09 - ### [Malaysia’s New Manufacturing Incentives: How to Structure Your Investment Under the NIF in 2026](https://www.aseanbriefing.com/news/malaysias-new-manufacturing-incentives-how-to-structure-your-investment-under-the-nif-in-2026/) Apr 07 - ### [Vietnam Tax Loss Carryforward: When Profits Can Be Recovered](https://www.aseanbriefing.com/news/vietnam-tax-loss-carryforward-when-profits-can-be-recovered/) Apr 01 - ### [Malaysia Withholding Tax Risks for Cross-Border Payments](https://www.aseanbriefing.com/news/malaysia-withholding-tax-risks-for-cross-border-payments/) Mar 26 [Read All](https://www.aseanbriefing.com/news/category/tax-accounting) - [Regulatory](https://www.aseanbriefing.com/news/category/legal-regulatory) #### Top Articles in Regulatory [![Adapting to Singapore’s 15% Global Minimum Tax as a Multinational](https://www.aseanbriefing.com/assets/images/loading.gif)](https://www.aseanbriefing.com/news/adapting-to-singapores-15-global-minimum-tax-as-a-multinational/) ### [Adapting to Singapore’s 15% Global Minimum Tax as a Multinational](https://www.aseanbriefing.com/news/adapting-to-singapores-15-global-minimum-tax-as-a-multinational/) Apr 11 Singapore’s 15% minimum tax is reshaping multinational structures. Understand exposure, costs, and why Singapore remains a leading hub. - ### [Indonesia’s Minimum Investment Requirements: What Foreign Investors Need to Plan Before Entry](https://www.aseanbriefing.com/news/indonesias-minimum-investment-requirements-what-foreign-investors-need-to-plan-before-entry/) Apr 09 - ### [Philippines Domestic Corporation Setup: Avoid Costly Mistakes Before You Invest](https://www.aseanbriefing.com/news/philippines-domestic-corporation-setup-avoid-costly-mistakes-before-you-invest/) Apr 08 - ### [Singapore Subsidiary or Branch Office: How Foreign Companies Should Structure Market Entry](https://www.aseanbriefing.com/news/singapore-subsidiary-branch-office-market-entry-entity-selection/) Mar 24 - ### [Shareholder Agreements in Singapore for Foreign Investors: Control, Exit Rights, and Protection](https://www.aseanbriefing.com/news/shareholder-agreements-in-singapore-for-foreign-investors-control-exit-rights-and-protection/) Feb 23 - ### [Should Investors Consolidate Indonesia Operations Under a Holding Company?](https://www.aseanbriefing.com/news/should-investors-consolidate-indonesia-operations-under-a-holding-company/) Feb 18 - ### [Singapore AML and KYC Rules for Foreign Shareholders](https://www.aseanbriefing.com/news/singapore-aml-and-kyc-rules-for-foreign-shareholders/) Feb 17 [Read All](https://www.aseanbriefing.com/news/category/legal-regulatory) - [HR/Payroll](https://www.aseanbriefing.com/news/category/human-resources-payroll) #### Top Articles in HR/Payroll [![Fixed-Term vs Regular Employment Contracts When Foreign Firms Hire in the Philippines](https://www.aseanbriefing.com/assets/images/loading.gif)](https://www.aseanbriefing.com/news/fixed-term-vs-regular-employment-contracts-when-foreign-firms-hire-in-the-philippines/) ### [Fixed-Term vs Regular Employment Contracts When Foreign Firms Hire in the Philippines](https://www.aseanbriefing.com/news/fixed-term-vs-regular-employment-contracts-when-foreign-firms-hire-in-the-philippines/) Mar 28 Foreign firms hiring in the Philippines should assess whether fixed-term or regular employment contracts are appropriate. Learn the legal risks, costs, and compliance considerations. - ### [Personal Income Tax Filing in Thailand: What Expats Need to Know](https://www.aseanbriefing.com/news/personal-income-tax-filing-in-thailand-what-expats-need-to-know/) Mar 11 - ### [THR Compliance in Indonesia: What Foreign Employers Must Review Before Eid 2026](https://www.aseanbriefing.com/news/thr-compliance-in-indonesia-what-foreign-employers-must-review-before-eid-2026/) Mar 04 - ### [Vietnam’s 183-Day Rule: Tax Implications for Foreign Employees](https://www.aseanbriefing.com/news/vietnams-183-day-rule-tax-implications-for-foreign-employees/) Feb 11 - ### [Using Business Intelligence to Evaluate Workforce Availability and Wage Levels in Indonesia](https://www.aseanbriefing.com/news/using-business-intelligence-to-evaluate-workforce-availability-and-wage-levels-in-indonesia/) Feb 09 - ### [Malaysia Revises Its Expatriate Employment Policy](https://www.aseanbriefing.com/news/malaysia-revises-its-expatriate-employment-policy/) Jan 19 - ### [Local Director and Management Presence Requirements in Singapore](https://www.aseanbriefing.com/news/local-director-and-management-presence-requirements-in-singapore/) Jan 06 [Read All](https://www.aseanbriefing.com/news/category/human-resources-payroll) - [Across ASEAN](https://www.aseanbriefing.com/across-asean) ![](https://www.aseanbriefing.com/assets/images/mega-menu/aseanb/l1_right.png?v3) - [Across ASEAN](https://www.aseanbriefing.com/across-asean) - [Indonesia](https://www.aseanbriefing.com/across-asean/indonesia) - [Malaysia](https://www.aseanbriefing.com/across-asean/malaysia) - [Philippines](https://www.aseanbriefing.com/across-asean/philippines) - [Singapore](https://www.aseanbriefing.com/across-asean/singapore) - [Thailand](https://www.aseanbriefing.com/across-asean/thailand) - [Vietnam](https://www.aseanbriefing.com/across-asean/vietnam) - [See all](https://www.aseanbriefing.com/across-asean) - [Indonesia](https://www.aseanbriefing.com/across-asean/indonesia) - ### [Indonesia’s Minimum Investment Requirements: What Foreign Investors Need to Plan Before Entry](https://www.aseanbriefing.com/news/indonesias-minimum-investment-requirements-what-foreign-investors-need-to-plan-before-entry/) Apr 26 - ### [Indonesia Coal 2026: How Export Controls and Policy Shape Investment Returns](https://www.aseanbriefing.com/news/indonesia-coal-2026-how-export-controls-and-policy-shape-investment-returns/) Apr 26 - ### [Indonesia’s QRIS Expansion Across APEC and What It Means for Businesses](https://www.aseanbriefing.com/news/indonesias-qris-expansion-across-apec-and-what-it-means-for-businesses/) Mar 26 - ### [Indonesia Corporate Income Tax Framework for Foreign-Owned Companies](https://www.aseanbriefing.com/news/indonesia-corporate-income-tax-framework-for-foreign-owned-companies/) Mar 26 - ### [ASEAN’s LNG Export Leaders: Investment and Energy Trade Opportunities in Malaysia and Indonesia](https://www.aseanbriefing.com/news/lng-investment-malaysia-indonesia/) Mar 26 - ### [Indonesia’s Danantara After Year One: Growth Targets, Asset Consolidation, and Investment Implications](https://www.aseanbriefing.com/news/indonesias-danantara-after-year-one-growth-targets-asset-consolidation-and-investment-implications/) Mar 26 - 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[Philippines](https://www.aseanbriefing.com/across-asean/philippines) - ### [Philippines Domestic Corporation Setup: Avoid Costly Mistakes Before You Invest](https://www.aseanbriefing.com/news/philippines-domestic-corporation-setup-avoid-costly-mistakes-before-you-invest/) Apr 26 - ### [PEZA vs BOI in the Philippines: Which Incentive Structure Fits Your Manufacturing or Logistics Model?](https://www.aseanbriefing.com/news/peza-vs-boi-in-the-philippines-which-incentive-structure-fits-your-manufacturing-or-logistics-model/) Apr 26 - ### [Fixed-Term vs Regular Employment Contracts When Foreign Firms Hire in the Philippines](https://www.aseanbriefing.com/news/fixed-term-vs-regular-employment-contracts-when-foreign-firms-hire-in-the-philippines/) Mar 26 - ### [Philippines–UAE CEPA: Trade Expansion and Investment Implications](https://www.aseanbriefing.com/news/philippines-uae-cepa-trade-expansion-and-investment-implications/) Mar 26 - ### [How to Add or Amend Business Activities After Incorporation in the Philippines](https://www.aseanbriefing.com/news/how-to-add-or-amend-business-activities-after-incorporation-in-the-philippines/) Feb 26 - 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### [Singapore Subsidiary or Branch Office: How Foreign Companies Should Structure Market Entry](https://www.aseanbriefing.com/news/singapore-subsidiary-branch-office-market-entry-entity-selection/) Mar 26 - ### [How Global Energy Price Volatility Could Affect Singapore’s Economy](https://www.aseanbriefing.com/news/energy-price-volatility-singapore-impact/) Mar 26 - [Thailand](https://www.aseanbriefing.com/across-asean/thailand) - ### [Thailand’s Omnibus Law Plan Streamlining Regulation and Cutting Business Costs](https://www.aseanbriefing.com/news/thailands-omnibus-law-plan-streamlining-regulation-and-cutting-business-costs/) Apr 26 - ### [Personal Income Tax Filing in Thailand: What Expats Need to Know](https://www.aseanbriefing.com/news/personal-income-tax-filing-in-thailand-what-expats-need-to-know/) Mar 26 - ### [Navigating Thailand’s Competition Law and Merger Approval Regime for Foreign Businesses](https://www.aseanbriefing.com/news/navigating-thailands-competition-law-and-merger-approval-regime-for-foreign-businesses/) Feb 26 - ### [Choosing The Appropriate Legal Entity for Foreign Investors in Thailand](https://www.aseanbriefing.com/news/choosing-the-appropriate-legal-entity-for-foreign-investors-in-thailand/) Jan 26 - ### [Thailand Introduces Digital Work Permit System for Foreign Employers](https://www.aseanbriefing.com/news/thailand-introduces-digital-work-permit-system-for-foreign-employers/) Nov 25 - ### [How Foreign Investors Should Structure M\&A in Thailand](https://www.aseanbriefing.com/news/how-foreign-investors-should-structure-ma-in-thailand/) Nov 25 - [Vietnam](https://www.aseanbriefing.com/across-asean/vietnam) - ### [Vietnam Manufacturing Tracker: As of April 2026](https://www.aseanbriefing.com/vietnam-news/vietnam-manufacturing-tracker) Apr 26 - ### [Vietnam’s Regional Minimum Wage Effective from January 1, 2026](https://www.aseanbriefing.com/vietnam-news/vietnams-new-minimum-wage-january-1-2026) Nov 25 - ### [Vietnam’s First Draft of New Personal Data Protection Law (PDPL) Released for Public Comments](https://www.aseanbriefing.com/vietnam-news/vietnams-first-draft-of-new-personal-data-protection-law-pdpl-released-for-public-comments) Sep 24 - 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Businesses operating in Singapore enjoy incentives such as over 80 double taxation avoidance agreements, significant tax deductions, and numerous free trade agreements. [Find out more](https://www.aseanbriefing.com/doing-business-guide/singapore/why-singapore/why-do-foreign-businesses-relocate-to-singapore) # Singapore Increases Goods and Services Tax for 2024 January 2, 2024 Posted by [ASEAN Briefing](https://www.aseanbriefing.com/news/author/asean-briefing/ "View all posts by ASEAN Briefing") Written by [Ayman Falak Medina](https://www.asiabriefing.com/personnel/ayman-falak.html) Reading Time: 2 minutes Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024. GST is a value-added tax levied on most supplies of goods and services as well as on imported goods. ## Why is Singapore increasing its GST levy? Singapore announced planned GST increases during the 2022 budget with the rate raised in two steps, from seven to eight percent in 2023, and eight to nine percent in 2024. The revenue received from the increase in GST will be used to cover the country’s medium-term needs. The steady tax increase showcases Singapore’s need to shore up its tax revenue base, especially as healthcare costs continue to rise in the city-state. The government designated an estimated US\$12 billion for healthcare in the 2023 budget, triple to what was designated 10 years ago. Further, Singapore is expected to spend S\$59 billion (US\$44.7 billion) on healthcare by 2030. ### An aging population Singapore’s healthcare expenditure is rising significantly due to its rapidly aging population. Today, 1 in 7 Singaporeans are aged 65 and above. By 2030, this is expected to be 1 in 40, or approximately one-quarter of the population. ## How should GST-registered businesses prepare for the increase? [GST-registered businesses](https://www.aseanbriefing.com/news/singapore-to-begin-goods-and-sales-tax-increase-from-january-2023/) are advised to prepare as soon as possible for the upcoming rate change. Some areas that businesses should address include: - Updating their accounting and invoicing systems to accommodate for the new GST rate; - Updating any pricing schedules made available to customers and the public, such as on websites; - Updating their cash register systems; - Review contracts and agreements with suppliers or customers to accommodate the new rate; - Equip employees with the relevant GST knowledge so that they are aware of its impact; and/or - Seek the help of professional advisors who can assist in applying for any relevant GST schemes from the government. Webinar – Unveiling Southeast Asia’s Opportunities: 2023 Achievements and 2024 Prospects February 29, 2023, \\| 9:00 AM Los Angeles / 12:00 PM New York / 6:00 PM Brussels Join us in this data-driven webinar as Kyle Freeman, Partner and Head of the North American Client Services Desk in Asia, shares insights on Southeast Asia’s 2023 economic indicators and provides an overview of what to expect in 2024. The focus will be on trade and investment trends, noteworthy developments affecting businesses, and opportunities for foreign companies. [Join us in this free webinar.](https://attendee.gotowebinar.com/register/3159650508977392727?source=ab) [Register Now](https://attendee.gotowebinar.com/register/3159650508977392727?source=ab) *About Us* ASEAN Briefing is produced by [Dezan Shira & Associates](https://www.dezshira.com/?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F). 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7May [SVEF Zurich 2026 I Pre-Event Webinar: Investing in Vietnam: Legal, Regulatory & Market insights](https://www.dezshira.com/events/details/svef-zurich-2026-pre-event-webinar-investing-in-vietnam-legal-regulatory-market-insights.html) Webinar \\| Thursday, May 7, 2026 \\| 2:00 PM Vietnam Time / 9:00 AM CET [![](https://www.asiabriefing.com/site-mgmt-v2/new/userfiles/personnel/Portrait_MF_2020_b-w.jpg)](http://www.dezshira.com/personnel/marco-foerster.html) #### [Marco Förster](http://www.dezshira.com/personnel/marco-foerster.html) ##### Director, ASEAN [Join Event](https://www.dezshira.com/events/details/svef-zurich-2026-pre-event-webinar-investing-in-vietnam-legal-regulatory-market-insights.html) Related reading - [![Opportunities in Indonesia’s Special Economic Zones](https://resource.dezshira.com/resize/280x395/Publications/9410/ASB-2022-07-issue_cover.jpg)](http://www.asiabriefing.com/store/book/opportunities-indonesia-special-economic-zones.html) - [![Opportunities in Indonesia’s Special Economic Zones](https://resource.dezshira.com/resize/280x395/Publications/9410/ASB-2022-07-issue_cover.jpg)](http://www.asiabriefing.com/store/book/opportunities-indonesia-special-economic-zones.html) - 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Readable Markdown	Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024. GST is a value-added tax levied on most supplies of goods and services as well as on imported goods. Singapore announced planned GST increases during the 2022 budget with the rate raised in two steps, from seven to eight percent in 2023, and eight to nine percent in 2024. The revenue received from the increase in GST will be used to cover the country’s medium-term needs. The steady tax increase showcases Singapore’s need to shore up its tax revenue base, especially as healthcare costs continue to rise in the city-state. The government designated an estimated US\$12 billion for healthcare in the 2023 budget, triple to what was designated 10 years ago. Further, Singapore is expected to spend S\$59 billion (US\$44.7 billion) on healthcare by 2030. Singapore’s healthcare expenditure is rising significantly due to its rapidly aging population. Today, 1 in 7 Singaporeans are aged 65 and above. By 2030, this is expected to be 1 in 40, or approximately one-quarter of the population. [GST-registered businesses](https://www.aseanbriefing.com/news/singapore-to-begin-goods-and-sales-tax-increase-from-january-2023/) are advised to prepare as soon as possible for the upcoming rate change. Some areas that businesses should address include: - Updating their accounting and invoicing systems to accommodate for the new GST rate; - Updating any pricing schedules made available to customers and the public, such as on websites; - Updating their cash register systems; - Review contracts and agreements with suppliers or customers to accommodate the new rate; - Equip employees with the relevant GST knowledge so that they are aware of its impact; and/or - Seek the help of professional advisors who can assist in applying for any relevant GST schemes from the government. Webinar – Unveiling Southeast Asia’s Opportunities: 2023 Achievements and 2024 Prospects February 29, 2023, \\| 9:00 AM Los Angeles / 12:00 PM New York / 6:00 PM Brussels Join us in this data-driven webinar as Kyle Freeman, Partner and Head of the North American Client Services Desk in Asia, shares insights on Southeast Asia’s 2023 economic indicators and provides an overview of what to expect in 2024. The focus will be on trade and investment trends, noteworthy developments affecting businesses, and opportunities for foreign companies. [Join us in this free webinar.](https://attendee.gotowebinar.com/register/3159650508977392727?source=ab) [Register Now](https://attendee.gotowebinar.com/register/3159650508977392727?source=ab) *About Us* ASEAN Briefing is produced by [Dezan Shira & Associates](https://www.dezshira.com/?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F). The firm assists foreign investors throughout Asia and maintains offices throughout ASEAN, including in [Singapore](https://www.dezshira.com/office/singapore.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), [Hanoi](https://www.dezshira.com/office/vietnam/hanoi.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), [Ho Chi Minh City](https://www.dezshira.com/office/vietnam/ho-chi-minh-city.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), and [Da Nang](https://www.dezshira.com/office/vietnam/da-nang.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F) in Vietnam, in addition to [Jakarta](https://www.dezshira.com/office/indonesia.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), in Indonesia. We also have partner firms in [Malaysia](https://www.dezshira.com/office/malaysia.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), the [Philippines](https://www.dezshira.com/office/philippines.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F), and [Thailand](https://www.dezshira.com/office/thailand.html?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F) as well as our practices in [China](https://www.dezshira.com/office/china?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F) and [India](https://www.dezshira.com/office/india?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F). Please contact us at [asean@dezshira.com](mailto:asean@dezshira.com) or visit our website at [www.dezshira.com](https://www.dezshira.com/?ENTRY=%252Fnews%252Fsingapore-increases-goods-and-services-tax-for-2024%252F).
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