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What is ASK and How Do Businesses in Singapore Benefit from It?

By |2019-10-25T21:34:58+08:00October 25th, 2019|Goods and Service Tax (GST), Guides|

ASK stands for Assisted Self-Help Kit and it is a program developed by the Inland Revenue Authority of Singapore (IRAS) to help businesses in assessing the accuracy of their Goods and Services Tax (GST) filings. ASK may be implemented by businesses in Singapore voluntarily, or the IRAS may also invite [...]

GST Rate Increase Singapore: Tax Facts

By |2019-10-24T18:08:06+08:00October 24th, 2019|Goods and Service Tax (GST), Guides|

Late last year, the Singapore government announced plans to raise GST by 2 percentage points. In the Singapore Budget 2018, the next proposed GST increase will happen between 2021 and 2025, from the current rate of 7% to 9%. In the recent Singapore Budget 2019 delivered by Finance Minister, Mr [...]