GST : effects and impact a case study approach
The government of Singapore unveiled their plan for a tax reform on 9th February 1993. At that time, GST was a new and relatively unknown form of tax in Singapore. As a result, many traders were confused about their obligations under the GST and how the obligations could best be carried out...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/55744 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | The government of Singapore unveiled their plan for a tax reform on 9th February 1993.
At that time, GST was a new and relatively unknown form of tax in Singapore. As a
result, many traders were confused about their obligations under the GST and how the
obligations could best be carried out. More importantl y, the introduction of GST was seen
as a cost burden on companies, which would add on to the already rising business costs.
The team embarked on a case study to trace th e steps that were taken by the company to
comply with the regulations. The study also examined how the company implemented
the tax and the significance of the impact GST had on the company, especially with
regard to the costs that were imposed .
At the end of the st ud y, some conclusions were drawn abo ut the reform plan and a GST
implementation framework was proposed . The team was of the opinion that the
implementation of GST did not have an adve rse impact on companies and that the effect
of the reform plan is likely to be positive in the lon g run. |
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