Monday , August 2 2021

Ong Teng Koon on the Goods and Services Tax (Amendment)

MP Ong Teng Koon expressed support for the Goods and Services Tax (Amendment) Bill in Parliament on Monday (November 19). However, some raised some concerns. For example, would the cost of monitoring and enforcement of a global-scale compliance outweigh the GST revenue generated from taxation of imported services, and whether businesses only – including small, innovative businesses – would be prevented from operate in Singapore

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