The Goods and Services Tax (GST) in Singapore will be adjusted to 9% starting from January 1, 2024.

The GST rate in Singapore will increase from 8% to 9% effective January 1, 2024. Prior to the effective date, modifications to the Goods and Services Tax rate for goods and services are not allowed. Customs will require traders to use the new GST rate of 9% for import declaration clearance starting from January 1, 2024.