E-commerce, estate duties and even personal income may be affected according to economists.
According to Bloomberg, speculation is buzzing that the Singapore government will raise the goods and services tax in its February 19 budget rollout. But the goods and services tax (GST) probably won’t be the whole story.
Authorities have several other options to increase taxes, or at least signal that they’re needed in the coming years, as the city state grapples with rising health and retirement costs as the population ages rapidly.
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