Tourists, foreigners living in Singapore account for half of GST collected in 2018 and 2019

Tourists and foreigners accounted for half of the net Goods and Services Tax collected in 2018 and 2019. About $200 million is refunded each year, making up 2% of the total GST collected. Parliament has heard that resident households and individuals paid about $5.7 billion of GST between 2018 and 2019, after offsets from the $1 billion worth of GST Vouchers given to this group. The top 20% of all resident households make up close to 20% of the net GST collected.

Subscribe to our channel here: https://cna.asia/youtubesub

Subscribe to our news service on Telegram: https://cna.asia/telegram

Follow us:
CNA: https://cna.asia
CNA Lifestyle: http://www.cnalifestyle.com
Facebook: https://www.facebook.com/channelnewsasia
Instagram: https://www.instagram.com/channelnews...
Twitter: https://www.twitter.com/channelnewsasia
TikTok: https://www.tiktok.com/@channelnewsasia