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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.