LatestGoods & Service Tax (GST) 5 October 2026
Budget 2027 Outlook: No GST Reintroduction, Sales Tax Optimisation
The prime minister has confirmed that the upcoming Budget 2027 will keep the goods and services tax (GST) off the agenda, opting instead to fine‑tune the existing sales and service tax. This move aims to generate additional revenue while avoiding the political fallout of re‑introducing GST, signaling a focus on fiscal stability and targeted tax reforms.
Budget 2027 updates – The prime minister reaffirmed the government will not bring back the goods and services tax (GST). Instead, the focus will be on fine‑tuning the sales and service tax to boost revenue.
- No GST reintroduction
- Optimisation of sales & service tax rates
- Measures aimed at fiscal stability
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