Is Raising GST Necessary?

Singapore’s Goods and Services Tax will be raised to 9% before 2025, and the question of when the hike will take place has been an ongoing concern with economists predicting that it will be announced this year.

As part of our run-up to Budget 2022, BT takes a closer look at the reasons behind the GST increase, how Covid-19 might have shortened the timeline and what lies ahead for our economy and growth.