Lam: There is never a “good time” for a rise in GST rates, but economists will agree that the hike is more acceptable during a period of economic growth and an increase in spending by individuals.
With the imminent GST hike set to take place in 2022 while the world is still battling the Omicron variant, Lam Kok Shang, partner, head of indirect tax in KPMG in Singapore poses five questions and his views on the hike.
Is this the “right time” to raise Singapore’s GST?
