About 1.5 million Singaporeans will receive S$850 or S$450 GST vouchers as cash in Aug, said the Ministry of Finance (MOF) in a press release on 4 Jul (Thu). Singaporeans aged 21 and above with an ...

As the incomes of lower- and middle-income Singaporeans have increased, the Assessable Income threshold will also be raised from S$34,000 to S$39,000 to maintain the coverage of the scheme. This will ...

The GST Council’s decision to exempt gift vouchers from indirect taxation has brought much-needed clarity to the retail and corporate sectors, with industry leaders lauding it as a significant step ...

In a move expected to simplify taxation and boost business operations, the GST Council has clarified that transactions involving vouchers are not subject to Goods and Services Tax (GST). The Council ...

Add Yahoo as a preferred source to see more of our stories on Google. The appearance of Hong Kong superstar Chow Yun Fat made it an extra special 30th anniversary for the Star Awards. (Photo: ...

Singapore’s Ministry of Finance (MoF) has confirmed the 2024 GST voucher disbursement that was first revealed at Budget 2023 by the then Minister of Finance Lawrence Wong. The government implemented ...

The 55 th meeting of the GST Council, scheduled for Saturday, is likely to consider a host of issues, including the issuance of a circular on tax treatment of ‘gift vouchers’, clarifying that they are ...

https://www.thehindubusinessline.com/economy/gift-vouchers-comprise-feature-of-money-not-to-attract-gst/article69050200.ece Copy Gift vouchers will not attract GST ...

As retail product ranges continue to evolve, applying correct GST classification remains a focus for business across the ...

In a recent clarification, the Central Board of Indirect Taxes and Customs (CBIC) provided insights into the goods and services tax (GST) treatment of transactions involving vouchers. Illustration: ...