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Singapore's GST rate will increase from 8 per cent to 9 per cent with effect from Jan 1, 2024. Meanwhile, all the products on-site and online will remain at their current prices for now.
There is no definitive end date for Ikea’s absorption of the tax increase. Read more at straitstimes.com.
To remain affordable.
SINGAPORE — Ikea Singapore lowered prices of 144 products in September, and expects to reduce costs of over 60 more by April 2024, the furniture giant told The Straits Times on Monday (Oct 16). This comes on the back of an announcement last Friday that Ikea would be cutting the prices of some of its products globally. "I think 2023...
SINGAPORE: IKEA Singapore in September reduced the prices of 144 products, with price cuts planned for more than 60 other products by Apr 1, 2024. This comes after IKEA announced last week that it would be cutting the prices of some of its products globally. “I think 2023 was the year