As we approach 2024, companies should prepare for the upcoming change in the GST rate starting January 1, 2024. The rate will increase from 8% to 9%, which is the final step of the dual rate increment mentioned in the 2022 budget.
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In the Singapore Budget for 2020, great attention and resources have been devoted to supporting businesses and industries. Singapore's economy grew only 0.7% in 2019, its weakest growth since the 2008 financial crisis.
Organized by Texere Advisors and Algebra, the event brought together brands that have successfully expanded in Asia and experts from the Asian retail landscape, to share experiences, know-how, best practices, and outline the critical success factors of operating in Asia.
Singapore Government has introduced a new round of changes for tax rebates and incentives with the Budget Statement for the year of assessment 2018, forecasting in the meanwhile a gradually reduction for the next future.