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.
FPG will offer a 1% discount to offset the additional increase in Goods and Services Tax (GST) for 500 essential items for six months from 1 January 2023 onwards. For more information on this initiative, please visit this link.
If you have any questions, please reach out to us here.