Singapore commits to raising GST in 2023 amid inflation

Income tax also headed higher as aging population, COVID hit public finances

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- Singapore will raise its goods and services tax next year, the government announced on Friday, as it moves to strengthen its finances after heavy spending on pandemic-related measures.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.