GST raised from 8% to 9% (second tranche of 2022 reform)

Goods and Services Tax rose from 8% to 9% on 1 January 2024 — the second tranche of the staged GST increase announced in Budget 2022 (first tranche took GST from 7% to 8% on 1 January 2023). Offset by enhanced GST Voucher payouts to lower-income households; not offset for foreign residents.