Home Caught In The Act PAY MORE FOR NETFLIX IN 2020 BECAUSE OF GST.

PAY MORE FOR NETFLIX IN 2020 BECAUSE OF GST.

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Thanks to a Good & Service Tax bill that was passed in Parliament(19 November). Singapore Netflix customers will need to start paying for GST in Jan 2020.

We made a break down on what we have to pay more

Image created by Singapore Uncensored

Netflix is just one of the services that are affected

Amazon, Spotify, Apple

As the bill requires overseas companies to pay GST if they have an annual global turnover above $1 million and makes more than $100,000 in providing digital services to Singapore.

Any local business which is leveraging on overseas vendors such as hosting providers will have to increase the running cost of the business.