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Yip Hon Weng on Goods and Services Tax (Amendment) Bill

Taxing all imports is necessary as e-commerce grows globally, but more help should be given to lower-income groups who might be disproportionately affected, said MP Yip Hon Weng. He also told Parliament on Tuesday (Nov 2) that imposing GST on low-value imported goods presents an opportunity for local businesses to innovate and if they do not improve their offerings and customer experience, Singaporeans will continue to buy from overseas. Mr Yip called on the authorities to ensure that they are equipped to ensure compliance with the new policy.

Yip Hon Weng on Goods and Services Tax (Amendment) Bill

02 Nov 2021 06:47pm

Taxing all imports is necessary as e-commerce grows globally, but more help should be given to lower-income groups who might be disproportionately affected, said MP Yip Hon Weng. He also told Parliament on Tuesday (Nov 2) that imposing GST on low-value imported goods presents an opportunity for local businesses to innovate and if they do not improve their offerings and customer experience, Singaporeans will continue to buy from overseas. Mr Yip called on the authorities to ensure that they are equipped to ensure compliance with the new policy.

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