Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Economy Singapore seen hiking GST for first time in over a decade Government says it needs revenue boost to pay for ageing population The Singapore skyline from Merlion Park at sunrise (Getty Images)
KENTARO IWAMOTO, Nikkei staff writer February 17, 2018 19:35 JST | Singapore
SINGAPORE -- Singapore is expected to raise goods and services tax for the first time in more than a decade sometime in the fiscal year starting in April, say economists.
Francis Tan, an economist at United Overseas Bank, sees the government hiking GST to 8%, from the current 7%. He expects another hike to 9% next year.
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