I love online shopping and I can’t lie.
I mean, c’mon. It’s more convenient; you don’t have to squeeze with a multitude of people; you can browse through items at your own leisure, without someone coming up to you every few seconds and asking, “Hi, sir, may I help you?”
But of course, it’s in their job scope. Bo bian.
In fact, the only good thing about shopping in physical stores is that you can try the items out (presuming it’s clothes). Things also tend to look different in real life as compared to photos (just like that cute guy/girl on your feed), so physical shopping does help to cut out a lot of unnecessary swapping and refunding.
Yet nevertheless, I still find myself inclined towards online shopping, pretty much because of one very major aspect:
GST.
Pretty much the ERP of sales transactions, we try our best to siam these money suckers, only to crash and burn 99.9% of the time. The only solution?
Their online counterparts lor.
So you kind of get why I’m so partial towards online shopping…
A storm’s brewing…
Whoa, what’s happening?
Your detested GST, the one component you so abhor… is spreading online.
What are you talking about- wait no. No…
The online stores you love so much because of the lack of GST?
No please… NOOOOOOOO-
They might be implemented with GST soon.
What’s happening?
According to Senior Minister of State for Law and Finance Indranee Rajah, the Government is still “studying the best way to implement an e-commerce tax as it works towards the Budget on Feb 19”.
As such, shoppers can still enjoy tax-free purchases made online for a while longer, she told Money FM 89.3, Singapore’s first and only business radio station.
“It’s certainly something we would like to do, but we have to be careful about how we do it because we’ve seen some other countries where they implemented it and then had to dismantle it because it didn’t work out quite well,” she said.
“So that is something we are studying carefully. Keep shopping while you can.”
Incidentally, Ms Indranee is an online shopper herself. She told the station that her last Google search was apparently British fashion e-retailer Asos.
It was always going to happen
According to The New Paper, Ms Indranee said in a Bloomberg interview last November that “e-commerce would likely come under the tax regime, ensuring a more level playing field between bricks-and-mortar and online businesses”.
But that’s not the worst
On another note, some observers have predicted that the goods and services tax (GST) will be increased in the Budget.
Although Ms Indranee noted that Singapore’s tax system is “is designed to be progressive so lower-income households will be supported”.
Additionally, previous GST hikes were always “accompanied by an offset package to help the less well-off”.
Get ready folks
Spam all that online shopping while you can, because online shopping’s never going to be the same again.
Heck, just shop, seeing how GST might be slated to rise again. Like really?
DAMMIT!
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This article was first published on goodyfeed.com
Read Also
- Everything You Need To Know About GST Voucher 2017 in 60 Secs
- GST Singapore: 10 Facts You Probably Should Know About This Tax
- Read This Concise Guide On Overseas Purchases GST Before It’s Too Late
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