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GST is the second-largest source of revenue, just behind the corporate income tax
SINGAPORE'S GST rates are relatively low compared with its regional peers.
One percentage point hike would raise tax revenue of about S$1.6 billion to S$1.8 billion, equivalent to about 0.4 per cent of Singapore's nominal gross domestic product.
GST is the second-largest source of revenue, just behind the corporate income tax
SINGAPORE'S GST rates are relatively low compared with its regional peers.
One percentage point hike would raise tax revenue of about S$1.6 billion to S$1.8 billion, equivalent to about 0.4 per cent of Singapore's nominal gross domestic product.
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