Singapore Government recently declared that ..they made so much money from the increase of GST by 2% to an astonishing S$2.7 Billion. This was way above their estimate of an anticipated deficit of S$700 Million from the handouts.

What does that mean for the Singaporean? Well, it may mean that the NSS will be bigger for us…and well, a huge rebate on the conservancy rates and the utilities since the power rates went up again..along with some help in the transportation costs.

Essentially, Singapore refused to reduce their top tier income tax from 18% (20% base rate before any rebates) as it in itself is the lowest tax personal and corporate rate about. Further to it, the company will also get additional cash rebates to pay for the additional CPF employer contributions.

Well, I am looking forward for more rebates. Well, Tia is…