Plans on Revising Qualification Threshold of $1 Million for GST Registration by Companies

Parliamentary Question by Assoc Prof Jamus Jerome Lim:

To ask the Prime Minister and Minister for Finance in light of the increased rates of inflation experienced over the past few years, whether there are plans to revise the qualification threshold of $1 million for GST registration.

Parliamentary Reply by Second Minister for Finance, Mr Chee Hong Tat:

At the Committee of Supply debate on 28 February 2024, I explained to Mr Pritam Singh the considerations for the GST registration threshold and why the current threshold remains relevant. The Member may wish to refer to the Hansard for my reply.