The Singapore Government has announced that the GST rate will be increased from:

• 8% to 9%, with effect from 1 Jan 2024

For an overview of the GST rate increase, please refer to this IRAS webpage and their e-Tax Guide.

As a GST-registered business, we will be charging the following GST rates as per the Singapore Government’s guidance.

Your invoices

Invoices dated before 1 Jan 2024

All goods and services billed in 2023 and paid* in full by 31 December 2023 will be subject to the current GST rate of 8%,
regardless of goods delivery or service end date.

*Please refer to this e-Tax guide issued by IRAS on 2024 GST Rate Change for details on receipt of payment.

Invoices dated from 1 Jan 2024

The following GST rates will apply for goods and services to be delivered:

• Before 1 Jan 2024 - GST charge of 8%
• From 1 Jan 2024 - GST charge of 9%

Here is an example of a bill.