It was announced in Singapore’s Budget in February 2022, that there would be a two-stage GST rate increase. The first stage was implemented in January 2023 from 7% to 8%, The second stage, a change from 8% to 9% will be implemented on 1 January 2024.
GST Rate Change for Consumers (iras.gov.sg)
Scenario (applicable for courses starting 01 January 2024 onwards)
Action to take
Registration and tax invoice raised before 31 December 2023 and payment made on/before 31 December 2023
Invoice will charge 8% GST
Registration before 31 December 2023, but tax invoice raised and payment will be arranged on/after 1 January 2024
Invoice will charge 9% GST
Tax invoice raised on/after 1 January 2024
If you require more information, contact us at courses@kbatraining.org
KBA Training Centre Pte Ltd
