Online shopping is no longer a stranger to most Singaporeans.
This month, we check out What Singapore Thinks about the new online shopping Goods and Services Tax (GST) and our budgeting habits!
For starters, most Singaporeans shop online – no matter our age!
Starting from 2023, we will need to start paying GST for low-value goods (e.g., worth $400 or below) bought online and imported from overseas.
In view of this, will Singaporeans buy more overseas items now?
Singaporeans remain slightly divided on this – almost half of us find that purchasing overseas items online today can help save some money, while the other half find it pointless to do so.
Speaking about saving money, how much funds do Singaporeans set aside for a rainy day?
It’s a good thing that Singaporeans are saving and investing more than the recommended percentage! Ongoing events such as the pandemic and turbulent economy may have reminded us of the importance of having a budget.
Doing surveys on HappyDot.sg can help you shave a few dollars off your grocery/shopping bill (cue Dairy Farm E-Vouchers and eCapitaVouchers).
Thus, do continue to participate actively in our surveys or refer a friend today to accumulate more HappyPoints and redeem these helpful rewards!