As with the government’s announcement during Budget 2022, there will be an increase in GST rate from 7% to 8%, with effect from 1 January 2023. In preparation for the upcoming changes, please take note of the following to facilitate the processing of your registration(s) and invoice(s):
GST Rate Change for Consumers (iras.gov.sg)
Scenario (applicable for courses starting 01 January 2023 onwards)
Action to take
Registration and tax invoice raised before 31 December 2022 and payment made on/before 31 December 2022
Invoice will be charged 7% GST
Registration before 31 December 2022, but tax invoice raised and payment will be arranged on/after 1 January 2023
Invoice will be charged 8% GST
Tax invoice raised on/after 1 January 2022
For more information, contact us at courses@kbatraining.org
KBA Training Centre Pte Ltd
