SOLUTIONS

Singapore GST Localisation Pack for Microsoft Business Central

Digital invoice and financial document management Singapore
ABOUT

Singapore GST Localisation Pack for Microsoft Business Central

If you’re a business operating in Singapore or planning to expand into the region, understanding Goods and Services Tax (GST) requirements is crucial.

What is GST in Singapore?

GST, or Goods and Services Tax, is a consumption tax levied on the supply of goods and services in Singapore and on the import of goods into Singapore.

Importance of Localisation

For businesses using Microsoft Dynamics 365 Business Central, localisation ensures that the software complies with the specific tax and regulatory requirements of Singapore. This includes:

  • Tax Calculation: Proper calculation of GST on sales and purchases according to Singaporean rules.
  • Reporting: Generation of GST reports in the format required by the Inland Revenue Authority of Singapore (IRAS).
  • Compliance: Ensuring that all transactions meet Singaporean legal standards and are properly documented.

Manual preparation of GST reports can be time-consuming and tedious.

Cactoz has developed a localisation pack to ease the process.

Find our listing on Microsoft Appsource here!

For more information on Microsoft Business Central, click here.

Easily adapt your Business Central to Singapore GST requirements. With our add-on, you can easily configure the GST F5 form, ready for submission.

WHY CHOOSE US

To Provide Your Solution

Our GST localisation includes:

    1. GST Setup customisation to handle the 4 main types of supplies: Standard-Rated (SR), Zero-rated (ZR), Exempt, and Out-of-Scope.

    1. GST Reports: Generate GST reports for sales supplies, taxable purchases and IRAS Form 5.

Benefits:

    1. Improve productivity by saving time and effort needed to prepare reports manually.

    1. Ensure accuracy in GST submissions, reducing risks of efforts and penalities.

The Singapore GST Localisation Pack extends Microsoft Dynamics 365 Business Central with features specific to Singapore tax compliance. It supports GST calculations, GST F5 return preparation, IRAS-compliant tax reporting, and audit file generation.

The standard Business Central licence includes basic tax functionality. The Singapore GST Localisation Pack adds the specific GST codes, return formats, and IRAS audit file structures required for full compliance with Singapore tax regulations.

The pack supports GST F5 return preparation, GST listing reports, and the IRAS Audit File (IAF) format required for tax audits, all generated directly from your Business Central transactions.

It is designed for any GST-registered business in Singapore running Microsoft Dynamics 365 Business Central. It is particularly valuable for businesses with high transaction volumes or complex GST treatments such as partial exemptions or imports.

Yes. Cactoz handles installation, configuration, testing, and training for the Singapore GST Localisation Pack as part of a new Business Central implementation or as a standalone add-on to an existing Business Central system.