From The Gallery

How to help mitigate the impact of a GST rise

Both long-term and ad hoc schemes will cushion impact and help Singaporeans cope with rising cost of living

Patrons at Market Street Interim Hawker Centre on Jan 3, 2022. ST PHOTO: JASON QUAH
New: Gift this subscriber-only story to your friends and family

SINGAPORE - The question was bound to come up when the House discussed inflation and fiscal support: Can the goods and services tax (GST) increase be delayed?

As Omicron scythes through the world, and with overall inflation jumping to 3.8 per cent year on year last November - the highest in more than eight years - many have questioned whether the impending GST hike from 7 per cent to 9 per cent is appropriately timed.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

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

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

  • 2-week e-paper archive so you never miss out on any topic that matters to you

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