GST

Submit GST Form 5 to IRAS from the MoneyWorks accounting system digitally

Submit GST Form 5 to IRAS from the MoneyWorks accounting system digitally.

MoneyWorks version 9.0.9r2 update

Update your MoneyWorks version 9 to the latest 9.0.9r2 before printing your GST Form 5 guide!

How to change the tax code (GST code) in a transaction?

The GST code used in the MoneyWorks transaction follows the GST code set in the account used.

How to change the tax rate in MoneyWorks when the GST rate increase from 7% to 8%?

The standard rated GST set in MoneyWorks is 7%, pre-loaded when you first created the company file with localisation setup as Singapore

MoneyWorks version 9.0.2

Now, you can have an option to set the GST rounding to follow the Banker's rounding method or round up to the nearest half cents.

GST on imported goods

The Customs (or the forwarder may pay on your half) will impose the GST on the imported goods when goods arrived in Singapore.

Amending GST amount on Purchase Invoice

There are two methods of computing the GST on Tax Invoice when the invoice contains more than one item with the standard rated supplies....