GST Hike
We are about 5 weeks to January where Singapore’s Goods and Service Tax (GST) is set to hike up to 8% on 1st January 2023.
What are the first thing you want to buy before the hike?
1. Housing / Housing essentials
2. Car
3. Technological gadgets (PC/tablets/phones)
4. Stocks/trading/bonds
5. Commodities
6. Marriage essentials
7. Others: (please specify)
Note: for $50, 000, you’re paying GST valued at :
2022 (7%): $3,500
2023 (8%): $4,000
2024 (9%): $4500
Tip: best to get your Chinese New Year Gifts before the year ends !
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