The Sales Tax Rate in Singapore stands at 7 percent. The government plans to raise the goods and services tax by 2 percentage points to 9 percent sometime from 2021 to 2025. Sales Tax Rate in Singapore averaged 6.69 percent from 2006 until 2018, reaching an all time high of 7 percent in 2008 and a record low of 5 percent in 2007.
Sales Tax Rate in Singapore is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Sales Tax Rate - GST is projected to trend around 7.00 percent in 2020, according to our econometric models.