Tax burden on Singaporeans to rise
Edited By WION Video Desk
Published: Dec 29, 2023, 05:45 IST | Updated: Dec 29, 2023, 05:45 IST
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Households are preparing for the new year with increased financial strain due to the recently implemented sales tax hikes. The goods and services tax has risen from 7% to 9% in two phases, with the latest increment taking effect this year. This rise adds to the already escalating living costs, prompting some opposition lawmakers to advocate for a delay in the hike.
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