Goods and services tax (GST) refers to a consumption tax that is levied on the purchase of goods and services, as well as the goods that are imported into the city-state.

Better known as Value Added Tax or VAT in some regions, GST is an indirect tax, meaning that it is collected and then is remitted back to the government by a registered trader acting as an intermediary.

In Singapore, the rate of GST is 7% and has been set to increase to 9% in a few years to come.

Read more: https://bbcincorp.sg/business-guide/goods-and-services-tax-in-singapore