The Inland Revenue Authority of Singapore (IRAS) has announced that the Goods & Services Tax (GST) rate will be raised from 8% to 9% on 1 Jan 2024. As such, CornerStone Wines will be required to increase the GST rate charged on our offerings to customers accordingly.

Here is a quick summary on how the hike in GST will impact your invoices and payment:

We strongly encourage our customers to make the full payment by 28 Dec 2023 for invoices dated before 1 Jan 2024, to allow time for us to process your payment.

More information regarding the revised GST can be found at the IRAS official website. CLICK HERE

Thank you for your kind attention.