Overseas music and movie-streaming giants like Netflix and Spotify will be charging GST to consumers, starting 1 Jan 2020, a move that affects more than 100 overseas vendors of online services.
The change that was announced in the 2018’s Budget, will be generating S$90 million/year in tax revenue for Singapore.
Similar measures have also been taken in countries like Australia, Japan, New Zealand and South Korea since 2015.
TL;DR: Here’s How Much More You’ll Be Paying For Netflix, Spotify, Apple Music, TV Etc. With The New GST Rule Affected Providers Subscription Fee With GST? (7%)How Much More Do You Pay/Month Apple TV $4.99/mth$5.34/mth$0.35/mth Apple Music $9.99/mth$14.99/mth (Family)$10.69/mth
$16.04/mth $0,7-$1.05/mth Amazon Prime Video $2.99 monthly (comes with Amazon Prime membership) $3.20$0.21/mth HBO Go From $13.98 monthly From $14.96$0,98/mth Netflix $10.98 (Basic)
$15.98 (Standard)
$19.98 (Premium)$11.75 (Basic)
$17.10 (Standard)
$21.38 (Premium)$0.77-$1.40/mth Spotify$9.90/mth (individual)
$14.98/mth (family)
$4.99/mth (student)$10.60/mth (individual)...
