The Minister of Finance announced in Budget 2022 that the GST rate will be increased from:
1. 7% to 8% with effect from 1 January 2023; and
2. 8% to 9% with effect from 1 January 2024.
As services provided by FairPrice Group (FPG) are subject to GST at the prevailing rate, these changes will be reflected on all purchases with FPG.
If you have any questions, please reach out to us here.