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We will be raising our postage, package delivery as well as doorstep parcel delivery rates from 1 January 2023 in tandem with the increase in Goods and Services Tax (GST) as well as exceptional inflationary cost increases across manpower, fuel and electricity. The GST increase was earlier announced in February 2022 by the Ministry of Finance and will be staggered over two years: from 7% to 8% from 1 January 2023, and 8% to 9% from 1 January 2024. With the increase in GST and significant rise in operating costs, there is an imperative need to moderate the prices of our products and services, in order to support the fulfilment of deliveries in a sustainable manner. For more information, please visit: https://www.singpost.com/GST2023
