In Budget 2022, the Minister for Finance announced that the GST rate will be increased in 2-steps from 7% to 8% on 1 Jan 2023 and from 8% to 9% on 1 Jan 2024. Please find enclosed a mailer here on what businesses need to know and do to prepare for the first rate change… View Article
Read More
News and Updates
Statement By SRA In Response to PM Lee’s Announcement on Singapore’s Decisive Action to Living with the Virus SRA is glad to note that current SMMs will be relaxed further WEF 29 Mar 2022. With increased dining capacity (from 5 to 10) and 75% employees permitted to return to workplaces, we can expect a boost… View Article
Read More
The updated advisory for Retail & Lifestyle can be found here, updated as at 18 March 2022. This joint advisory updates on the Safe Management Measures (SMMs) for Retail and Lifestyle-Related Services Establishments. Updates on Safe-Distancing Updates on Vaccination-Differentiated Safe Management Measures (VDS) Updates on Capacity Limits Updates on Events Updates on Product Testing Other Safe… View Article
Read More
Minister for Finance Lawrence Wong announced in his Budget speech on 18 Feb 2022, the the Government will stand up a Committee Against Profiteering (CAP) to address concerns that businesses could use the Goods and Services Tax (GST) as a cover to raise prices. Details on CAP will be made available on the official website… View Article
Read More
In the 2022 Budget Statement, the Minister for Finance announced that the Goods and Services Tax (GST) will be raised from 7% to 8% with effect from 1 Jan 2023 and 8% to 9% with effect from 1 Jan 2024. For other related information, click here.
Read More
The updated advisory for Retail & Lifestyle can be found here, with effect from 28 February 2022. This joint advisory updates on the Safe Management Measures (SMMs) for Retail and Lifestyle-Related Services Establishments. Updates on Vaccination-Differentiated Safe Management Measures (VDS) Updates on Rostered Routine Testing (RRT) Other Safe Management Measures
Read More
CHARTING OUR NEW WAY FORWARD TOGETHER The FY2022 Budget Statement was announced by the Minister for Finance, Mr Lawrence Wong on Friday, 18 February 2022 in Parliament. Budget 2022 helps to chart a new way forward for business to overcome the challenges brought about by COVID-19 over the last two years, looking towards the future… View Article
Read More
The updated advisory for Retail & Lifestyle can be found here, with effect from 1 January 2022. Please see below updated infographics for your ref.
Read More
With reference to Para 20 on MOH’s latest announcements dated 14 Dec 2021, please note that :- • the mandatory weekly FET-RRT routine is extended till 31 Mar 2022 • the Government will provide continued support to employers by extending the subsidies for sectors on mandatory RRT until 31 March 2022. Beyond that, employers and… View Article
Read More
The updated advisory for Retail & Lifestyle can be found here, with effect from 22 November 2021. Please see below updated infographics for your ref. Key things to note: From 1 Jan 2022, voluntarily unvaccinated individuals can no longer use a negative Pre-Event Test (PET) for Vaccinated-Differentiated settings (e.g. dining-in, entry into shopping malls etc. From 1… View Article
Read More