Yes, in case you do not already know (yes, you. The ones living in Singapore!), our Goods and Services Tax (GST) will be raised 2 points to a grand total of 7% this 1 July 2007.
What does this mean?
Everything more expensive lor!
But why increase? Click here to see what the Government says.
One note of caution, most of us will generally be able to get by with our daily expenses. But for those who belong to the lower income group, I strongly suggest they get help to plan their finances.
You have been warned! Dun blur blur and then when 1st July comes, you look at the receipt after buying some stuff from the supermarket and start complaining that the receipt printed wrongly with 7% GST instead of 5%.
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