ok@Agxm:Dear Customers, With effect from 1 Jan 2023, the Singapore government has removed the GST administrative concession on recovery of overseas/foreign brokerage and related charges. Due to the removal of this concession, Tiger Brokers (Singapore) will start collecting GST on all charges including charges that were exempt from GST previously, starting from 17 April 2023. For any fees prior to 17 April 2023 that Tiger Brokers (Singapore) has not charged GST on, we will absorb the GST costs and will not back charge you. Should you have any queries, please contact our customer service at service@tigerbrokers.com.sg. Thank you Anyone know what does this mean? I thought we have been paying gst since long ago.
Dear Customers, With effect from 1 Jan 2023, the Singapore government has removed the GST administrative concession on recovery of overseas/foreign brokerage and related charges. Due to the removal of this concession, Tiger Brokers (Singapore) will start collecting GST on all charges including charges that were exempt from GST previously, starting from 17 April 2023. For any fees prior to 17 April 2023 that Tiger Brokers (Singapore) has not charged GST on, we will absorb the GST costs and will not back charge you. Should you have any queries, please contact our customer service at service@tigerbrokers.com.sg. Thank you Anyone know what does this mean? I thought we have been paying gst since long ago.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.