News analysis

Online sales in S'pore set to grow despite planned GST on low-value goods

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. ST PHOTO: GAVIN FOO
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SINGAPORE - 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.

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