For subscribers
Budget 2021: News analysis
Online sales set to grow despite planned GST on low-value goods
Sign up now: Get ST's newsletters delivered to your inbox
Some local physical retailers have understood the importance of consumer data and are looking for ways to come up with new business models and marketing strategies, said one expert, who noted that it is very hard to survive purely based on the bricks-and-mortar model.
ST PHOTO: GAVIN FOO
Follow topic:
The rapid growth in online sales presents a major challenge to governments and tax authorities worldwide. They are struggling to ensure that their tax regimes remain relevant to their purpose of taxing consumption of goods and services within their jurisdictions.
Online sales are part of the global digital economy that is already vast and expanding fast.
