INFLATION in Singapore remained flat in the first month of 2018, even though the prices of key items such as healthcare and education went up. There was no change in the consumer price index – the main measure of inflation – for the month of January compared to a year ago, according to the Department […]
Read MoreSINGAPORE: Singapore’s government may have given the central bank a green light to charge ahead with monetary policy tightening this year. Economists are more confident in their calls that the Monetary Authority of Singapore (MAS) will exit its neutral stance as soon as the next scheduled decision in April. They’re encouraged after Finance Minister Heng […]
Read MoreSINGAPORE: Businesses providing digital services, such as the streaming of entertainment content, will have to pay the Goods and Services Tax (GST) from Jan 1, 2020, Finance Minister Heng Swee Keat said. Experts contacted by TODAY said that this move is one of the first steps that the government is taking to look at ways for taxes […]
Read MoreNETFLIX has an office in Singapore, but it does not collect goods and services tax (GST) for its subscriptions now. Ordinarily, a company that sets up shop in Singapore, and sells services to consumers here, would be charging GST on behalf of the government once they make S$1 million in sales. This consumption tax bill […]
Read MoreBANKS with operations here are likely to be watching their expenses on imported services a little closer than before, as a small portion of goods and services tax (GST) will be levied on them in two years’ time. This will not just hit the three Singapore banks buying services from abroad, but will also affect […]
Read MoreWHILE some sort of tax on the wealthy had been expected in Monday’s Budget, few thought it would take the form of a hike in buyer’s stamp duty (BSD). The move however, has received praise from tax consultants and other experts. They say it’s less disruptive and easier to implement than alternatives such as capital […]
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