Mr Heng first announced the intended GST hike from 7 to 9 per cent in Budget 2018, and said then that the increase will take place some time between 2021 and 2025.
The last change was in 2007, when it was raised to 7 per cent. Similar to past GST hikes, the increase would be done in a “progressive manner”, Mr Heng said. He stressed that the Government ...
So if you take that figure with the lower end of the estimate at 2.5 per cent, that's 40 per cent and that's the contribution of the GST hike," said Mr Singh. "That's how I read it, hence my ...
After all, no GST offset package lasts forever." The decision to proceed with the GST hike with "inflation raging" was a "poor" one, he added. The GST rate currently stands at 9 per cent ...
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