IN THE NEWS

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
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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.    
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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        
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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
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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
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As announced by MTF on Saturday, Singapore will be exiting the Stabilisation Phase into the Transition Phase. The full list of community measures can be found here.   In particular, enterprises should take note of the following from 22 Nov 2021: Increase in social gathering group size to 5 persons Dining groups of up to… View Article
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