How IKEA Singapore’s GST Absorption Could Change Your Shopping Habits
IKEA Singapore announced on Dec 21, 2023, that it will absorb the 1 percent GST rate increase that will take effect from Jan 1, 2024¹. This means that the prices of its products online and in-store will remain unchanged, despite the GST hike from 8 percent to 9 percent. How will this decision affect your shopping habits? Here are some …