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Singapore GST Rates Hike in 2023. Here’s What You Need to Know
Starting from 1 January 2023, an 8% Goods and Services Tax (GST) on all LinkedIn ads will go into effect, an increase from 7% in 2022. On 1 January 2024, the GST will further increase to reach 9%.
It’s worth noting that businesses with a majority of international customers are eligible for an exemption of the GST charge. However, this only holds true if their service falls within the description of international services under Section 21(3) of the GST Act.
Here’s how you can add your GST number to your LinkedIn Campaign Manager.
Why Should You Add GST Number To Your LinkedIn Ads?
Aside from the obvious benefit of keeping on the right side of the law, adding your GST number to LinkedIn Ads will ensure correct tax treatment on your future charges and orders.
Facebook Ads, for example, only charge GST once your GST number has been supplied, the same applies for Linkedin, so it’s better to register your GST number ahead of time to be safe.
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