For the first time since 2006, Singapore Post is going to revise its domestic and international postage rates effective 1st of October 2014 as published last Tuesday. SingPost officials state that the adjustment in postage rates come amid an overall challenging postal business environment and will help to roll out service enhancements. The new local postage rates and international postage rates have been published on SingPost's official website.
If you use a postage meter from FP already, nothing much will change for you! Only postage meters that come with a postal weighing scale (internal or external) will require a software upgrade to accomodate the new rates. We will contact you in time for an update offer. Customers who buy a new flexiscale will receive the rate change for free.
If you consider to invest into a postage meter you are in luck right now because postage meter users will enjoy a higher rebate of 5% on their postage consumption for consecutive 12 months after the effective date. And if your company is eligible for the Productivity and Innovation Credit (PIC) Scheme you might be able to earn a relief for IRAS on your investment (subject to individual approval).
In the infographic below we have gathered for you the key points of the change and 5 main benefits you can enjoy by investing into a postage meter now. For more information please contact us by phone 6749 0601 or email.