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Louis Ng on Goods and Services Tax (Amendment) Bill

03:57 Min

The Goods and Services Tax (Amendment) Bill will update Singapore's GST regime significantly for imported low-value goods and ensure a level playing field for local and overseas suppliers. It will also update the GST treatment for media sales to more closely reflect the reality of how services are advertised and consumed. MP Louis Ng, who highlighted this in Parliament on Tuesday (Nov 2), thanked the Finance Ministry for "consistently consulting the public" on its Bills, providing summaries and responding to key feedback. He also sought clarifications on the Bill. 

The Goods and Services Tax (Amendment) Bill will update Singapore's GST regime significantly for imported low-value goods and ensure a level playing field for local and overseas suppliers. It will also update the GST treatment for media sales to more closely reflect the reality of how services are advertised and consumed. MP Louis Ng, who highlighted this in Parliament on Tuesday (Nov 2), thanked the Finance Ministry for "consistently consulting the public" on its Bills, providing summaries and responding to key feedback. He also sought clarifications on the Bill. 

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