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GST Holiday Implemented At Singapore's Changi Airport

by Mary Swire, Tax-News.com, Hong Kong

02 March 2009

The Civil Aviation Authority of Singapore (CAAS) has officially launched the 'Free Yourself From Goods and Services Tax (GST) Shopping Promotion, You Shop, We Absorb' campaign at Changi Airport's Terminal 3 Public Area.

The campaign will run at the airport's participating retail outlets located at T3's public area on Levels 2, 3 and Basement 2, and will continue to absorb the GST for the rest of this year.

CAAS Director-General and Chief Executive Officer, Mr Lim Kim Choon, commented:

"Consumers' purse-strings have tightened considerably in view of the current global economic downturn. To help our retail concessionaires attract more shoppers and at the same time offer greater savings for shoppers, CAAS introduced the concept of GST-absorbed purchase at participating outlets at T3 in November 2008."

"Since the soft launch, shopper response to this new shopping concept has been encouraging, and the participating retailers have seen an average sales increase of more than 40%. We would like to encourage passengers as well as visitors to Changi Airport to make use of the exclusive offers that have been rolled out to enjoy extra savings on their part", he added.

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