E-commerce tax may level playing field, say local retailers

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Qoo10 In The News

Qoo10’s Singapore country manager Hyun Wook Cho told The Sunday Times that about 70 per cent of the site’s transactions here involve local merchants, and thus are already subject to GST.

“Cross-border merchants may have to go through more steps and generally, the price may rise because of this… but we don’t think it will have a significant impact on overall e-commerce,” said Mr Cho.