Budget 2018

Singapore Budget 2018: How 'Netflix Tax' would work and what would be affected

In the last two years, Australia, the European Union, South Korea, Japan and New Zealand have implemented a so-called "Netflix Tax".
In the last two years, Australia, the European Union, South Korea, Japan and New Zealand have implemented a so-called "Netflix Tax".PHOTO: REUTERS

In two years, Singapore will require digital purchases, which are now exempt, to be subject to the goods and services tax (GST).

Finance Minister Heng Swee Keat announced the move on Monday when he unveiled Budget 2018.

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A version of this article appeared in the print edition of The Straits Times on February 22, 2018, with the headline 'How 'Netflix Tax' would work and what would be affected'. Print Edition | Subscribe