Dear GS1 Singapore Members,
You are receiving this email because you have an active GS1 Singapore membership account. The Inland Revenue Authority of Singapore (IRAS) has announced that the GST rate will be increased from 8% to 9% effective on 1st January 2024. In order to comply with the GST rate increase changes, GS1 Singapore will be updating our finance systems and business procedures.
Here's a quick summary to help you understand how the next GST adjustment may affect your billing and payment schedule on 1st January 2024: