Parliament passes GST hike but DPM Wong keeps open possibility of review if S'pore economy suffers ‘severe impact’ in 2023

Parliament passed the GST (Amendment) Bill after a five hour debate.

From Jan 1, 2023, GST will be 8 per cent and then 9 per cent from Jan 1, 2024.

Finance Minister Lawrence Wong said the Government will take a "careful review" and reconsider the second increase in 2024 under extreme circumstances.

He chided the opposition Workers’ Party for painting a simplistic narrative that the Government is "stubbornly” wanting to raise GST.