What's New - Version 7.0.13

1. New GST Codes Incorporated
– Applicable for Singapore only

• In Budget 2022, Singapore’s Minister for Finance had announced that the GST Rate will be increased from 8% to 9% w.e.f 01 January 2024
• See IRAS (Internal Revenue Authority of Singapore) Guidelines at :
  https://www.iras.gov.sg/taxes/goods-services-tax-(gst)/gst-rate-change/gst-rate-change-for-business/overview-of-gst-rate-change
• We are pleased to release the introduction of GST Tax Codes of 9% as below
• GST Returns have also been enhanced to take care of the 9% GST Rate
• Simply upgrade to Version 7.0.13 and the new GST Tax Codes will be updated automatically
• If you have not renewed the Subscription Plan yet, do so immediately to be compliant with the new ruling by IRAS

Purchase

– GST 9.00% TX9
– GST 9.00% P-LVG
– GST 9.00% IM
– GST 9.00% IM-RE
– GST 9.00% IM-ESS
– GST 9.00% IM-N33
– GST 9.00% BL
– GST 9.00% IGDS
– GST 9.00% TXCA
– GST 9.00% TX-E33
– GST 9.00% TX-N33
– GST 9.00% TX-RE
– GST 9.00% TXRC-ESS
– GST 9.00% TXRC-N33
– GST 9.00% TXRC-TS
– GST 9.00% TXRC-RE

Sale

– GST 9.00% SR
– GST 9.00% SV-EMP
– GST 9.00% ST-EMP
– GST 9.00% S-LVG
– GST 9.00% DS
– GST 9.00% SRCA-C
– GST 9.00% SRRCGST 9.00% SROVR