As with the government’s announcement during Budget 2022, there will be an increase in GST rate from 7% to 8%, with effect from 1 January 2023. In preparation for the upcoming changes, please take note of the following to facilitate the processing of your registration(s) and invoice(s):
GST Rate Change for Consumers (iras.gov.sg)
| Scenario (applicable for courses starting 01 January 2023 onwards) | Action to take |
|---|---|
| Registration and tax invoice raised before 31 December 2022 and payment made on/before 31 December 2022 | Invoice will be charged 7% GST |
| Registration before 31 December 2022, but tax invoice raised and payment will be arranged on/after 1 January 2023 | Invoice will be charged 8% GST |
| Tax invoice raised on/after 1 January 2022 | Invoice will be charged 8% GST |
For more information, contact us at courses@kbatraining.org
