
News and Information
News & Information

[SCCIOB] Changes to GST from 2023
In Budget 2022, the Minister for Finance announced that the GST rate will be increased from:
(i) 7% to 8% with effect from 1 Jan 2023; and
(ii) 8% to 9% with effect from 1 Jan 2024.
Payment of goods and services from GST-registered businesses before 1 Jan 2023 will be subject to GST at 7%, and purchases on or after 1 Jan 2023 will be subject to GST at 8%. This includes SCCIOB that provides training programmes as a service.
There are scenarios where one or more of the following events straddle 1 Jan 2023:
- Issuance of invoice
- Payment for training programmes
- Commencement of training programmes
In these scenarios, special GST rules will apply. Here are some common scenarios for SCCIOB.
Scenario 1
- Full payment for training programme made before 1 Jan 2023
- Programme commenced on or after 1 Jan 2023
If full payment is received by SCCIOB for the enrolled training programme before 1 Jan 2023, GST will be chargeable at 7% irrespective of when the programme commences.
Scenario 2
- Invoice issued before 1 Jan 2023
- Full payment for training programme made on or after 1 Jan 2023
- Programme commenced on or after 1 Jan 2023
If you make full payment and commence your training programme on or after 1 Jan 2023, GST will be chargeable at 8% even if the invoice is issued before 1 Jan 2023. In this case, as the original invoice will reflect GST at 7%, SCCIOB will issue a new tax invoice that reflects GST at 8%.
For other scenarios, please speak with your programme consultant who will be able to advise you on any payment issues.

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