Nett and ++?
Apr 27, 2023 | 5:56 am
#1
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Nett and ++?
I'm embarrassed to admit that I don't know what it means. I see this all the time and never bother to ask anyone to explain it to me.
Apr 27, 2023 | 6:13 am
#2
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++ - stated price not including GST (VAT) and Service Charge (1st plus is for GST, 2nd for Service Charge). It's so commonplace, that even places without Service Charge use "++" even if it's only GST.
GST is 8%, Service Charge 10%, nett price is the price with both GST and Service Charge included.
Other than copying Americans, I could never fathom why they chose to display gross prices with "++" symbol - except the obvious, the price looks "lower" if you don't add "++" amounts to it.
GST is 8%, Service Charge 10%, nett price is the price with both GST and Service Charge included.
Other than copying Americans, I could never fathom why they chose to display gross prices with "++" symbol - except the obvious, the price looks "lower" if you don't add "++" amounts to it.
Apr 27, 2023 | 6:23 am
#3
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++ - stated price not including GST (VAT) and Service Charge (1st plus is for GST, 2nd for Service Charge). It's so commonplace, that even places without Service Charge use "++" even if it's only GST.
GST is 8%, Service Charge 10%, nett price is the price with both GST and Service Charge included.
Other than copying Americans, I could never fathom why they chose to display gross prices with "++" symbol - except the obvious, the price looks "lower" if you don't add "++" amounts to it.
GST is 8%, Service Charge 10%, nett price is the price with both GST and Service Charge included.
Other than copying Americans, I could never fathom why they chose to display gross prices with "++" symbol - except the obvious, the price looks "lower" if you don't add "++" amounts to it.
Apr 27, 2023 | 6:26 am
#4
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Correct. If it's ++, add 18%, and that's what you'll pay. If it's not, then the price quoted is nett. Except in restaurants/bars, where they might have small print in the bottom of the menus saying that stated prices do not include prevailing tax and service charge.
Apr 27, 2023 | 7:05 am
#5
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I don't get why they have to make it this confusing.
Apr 27, 2023 | 7:18 am
#6
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May 2, 2023 | 4:25 am
#8
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Slightly OT, but I thought Singapore was supposed to be a low-tax country? I was surprised to learn the GST went up 1% this year!
May 2, 2023 | 4:29 am
#9
Join Date: Aug 2008
Location: SIN
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The 10% and 8% are not cumulative and are in fact independent of each other.
Last year was still at 7%. This year went up to 8% and next year will be 9%.
May 2, 2023 | 4:32 am
#10
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