Singapore raises its GST rate from 8% to 9% on 1 January 2024
This page records one dated change. For the rules in Singapore as they stand today, see the Singapore guide →
- Jurisdiction
- Singapore
- Tax
- GST
- Change type
- Rate change
- Status
- In force
- Impact
- FYI
- Announced
- 1 January 2024
- Effective
- 1 January 2024
- Instrument
- SG-ACT-34-of-2022
- Authority
- Inland Revenue Authority of Singapore (IRAS)
- Verified
- Fetched from official source · high confidence
All GST-registered businesses in Singapore, and consumers buying from them.
No action — 9% GST rate in force since 1 January 2024; monitoring only.
GST standard rate increased from 8% to 9% on 1 January 2024, the second stage of the two-step increase (7% to 8% on 1 January 2023, 8% to 9% on 1 January 2024) announced in Budget 2022 and enacted by the Goods and Services Tax (Amendment) Act 2022. Filed at its 1 January 2024 commencement because the Act was passed in 2022, before the capture window.
What changed in detail
Singapore’s standard GST rate rose from 8% to 9% on 1 January 2024. This was the second of two steps announced by the Minister for Finance in Budget 2022: 7% to 8% on 1 January 2023, then 8% to 9% on 1 January 2024. The increase was legislated in 2022.
According to IRAS, GST-registered businesses must display GST-inclusive prices. From 1 January 2024, displayed prices had to include GST at 9%. Businesses that could not change their price displays overnight could show two prices for a transition period: one including 8% GST before 1 January 2024 and one including 9% from that date. Hotels and food and beverage outlets that impose a service charge remain exempt from showing GST-inclusive prices for items subject to that charge. They must still display a prominent statement that prices are subject to GST and service charge.
Generally, purchases made before 1 January 2024 bore GST at 8%, and purchases on or after that date bore GST at 9%. Transitional rules applied to transactions that spanned the change.
What it means
This was the last planned step of the Budget 2022 increase. The 9% rate has applied since 1 January 2024 and is still Singapore’s standard GST rate in November 2026. The transitional rules for invoices, payments and deliveries that spanned the change are spent, so they matter only when correcting 2023–2024 returns.
The more recent Singapore GST changes concern the GST InvoiceNow Requirement, not the rate (first phase, extension to all GST-registered businesses).
Proof
From 1 January 2024, the prices displayed by GST-registered businesses must be inclusive of GST at 9% [1]
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