Annual Subvention Grant to Town Councils with Raising of GST in 2023 and 2024

Debated in Parliament on 13 Sep 2022.

Summary written by AI (learn more)

The government announced it would provide funding to Town Councils to absorb the additional GST payable on Service and Conservancy Charges, as stated in the February 2022 Budget.
Minister Lawrence Wong confirmed this support was detailed to Town Councils by the Ministry of National Development in August 2022.
The funding aims to offset the GST increases scheduled for 2023 and 2024, ensuring no additional cost to Town Councils from the tax hike.

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Full Transcript

Chua Kheng Wee Louis

Mr Chua Kheng Wee Louis asked the Deputy Prime Minister and Minister for Finance whether Town Councils will be provided with increased annual GST subvention grant when GST is raised in 2023 and 2024.

Lawrence Wong

The Government will provide funding to Town Councils to absorb the additional GST payable on Service and Conservancy Charges. This was announced six months ago by the Deputy Prime Minister and Minister for Finance in the Budget Statement delivered on 18 February 2022. Details of the additional support to the Town Councils were conveyed to them by MND on 31 August 2022.

Annual Subvention Grant to Town Councils with Raising of GST in 2023 and 2024 | PAPERCUTS

Annual Subvention Grant to Town Councils with Raising of GST in 2023 and 2024

Debated in Parliament on 13 Sep 2022.

Summary written by AI (learn more)

The government announced it would provide funding to Town Councils to absorb the additional GST payable on Service and Conservancy Charges, as stated in the February 2022 Budget.
Minister Lawrence Wong confirmed this support was detailed to Town Councils by the Ministry of National Development in August 2022.
The funding aims to offset the GST increases scheduled for 2023 and 2024, ensuring no additional cost to Town Councils from the tax hike.

Questions identified by AI (learn more)

Full Transcript

Chua Kheng Wee Louis

Mr Chua Kheng Wee Louis asked the Deputy Prime Minister and Minister for Finance whether Town Councils will be provided with increased annual GST subvention grant when GST is raised in 2023 and 2024.

Annual Subvention Grant to Town Councils with Raising of GST in 2023 and 2024

Summary

Questions Identified

Full Transcript

Chua Kheng Wee Louis

Lawrence Wong

Summary

Questions Identified

Annual Subvention Grant to Town Councils with Raising of GST in 2023 and 2024

Summary

Questions Identified

Full Transcript

Chua Kheng Wee Louis

Lawrence Wong

Summary

Questions Identified