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GST Set to Increase in 2023 and 2024. Is Your Business Ready?
On 1 January 2023, the Goods and Services Tax (GST) on Facebook ads will increase from 7% to 8%. This will be followed by an additional hike which will go into effect on 1 January 2024.
Businesses targeting consumers outside Singapore may be eligible for zero charge on GST. However, this only holds true if their service falls within the description of international services under Section 21(3) of the GST Act.
Find out how to add your GST number to your Facebook Ads.
Why Should You Add GST Number To Your Facebook Ads?
Facebook ads only charge GST when your GST number has been registered. Please do so to avoid legal actions being taken against your business.
Do You Need Some Help with Facebook Ads?
Reach out to our team for assistance in managing your Facebook ads or social media strategy.
