Monday, November 13, 2006

7% GST for Singapore has been announced!

Today in parliament by PM Lee.

Why?
  • It is better now when in good times.
There will be a comprehensive compensating package. What is it?

Lookout for Budget Speech in 15 Feb 2007! (a week before Chinese New Year?)

So accounting software developers, students of Jul 2007's batch of ACCA Paper 2.3 and Paper 3.2, retailers, wholesalers and whoever else dealing with GST, IT IS COMING !!!!!

2 comments:

Anonymous said...

i better pass 2.3 while its still 5 %.

Edgar Wong said...

True.

It is not just 5% to 7% thingy.

As lecturers, students and authors of textbooks, we have to be concern with complexities of the offset package, which may (or may not) bring a host of changes.