Use the form to set up sales tax groups. The sales tax groups are assigned to companies and taxes are calculated, based on the tax codes that are in effect when transactions take place. For Singapore, set up at least the following three tax groups:

  • GST– Use this group for companies that are subject to standard tax.

  • Exempt– Use this group for companies that provide certain financial services or the sale and lease of residential properties. Sales tax is not charged for these types of supplies.

  • Zero-rated– Use this group for companies with special trade agreements. The export of goods and the provision of international services are zero-rated supplies.

  1. Click > > > .

  2. Press CTRL+N to create a new sales tax group.

  3. In the field, enter a name, such as GST, and then enter general information about the sales tax group.

  4. Click the tab. Press CTRL+N.

  5. In the field, select a sales tax code to add to the sales tax group.

  6. Repeat steps 2 through 5 to set up additional sales tax groups.