GST
In Singapore, GST (Goods and Services Tax) applies to most goods and services at different rates. These include the standard GST rates of 9% and 8%, a zero-rated GST of 0%, and tax-exempt supplies. Configuring tax will allow the users to associate tax with the expenses recorded in Zoho Expense. After recording the expenses, you can gain insights into your taxable expenses by generating a tax report.
Enable GST
If you didn’t enable GST when setting up Zoho Expense, you can enable it later. To enable:
Note: To enable Tax for your Zoho Expense account, you should choose your country as Singapore while creating a new organization.
Navigate to Admin View.
Go to Settings on the left sidebar.
(OR)
Click the gear icon in the top right corner.
Select Taxes under Organization.
Mark the checkbox next to Is your business registered for GST?.
GST Registration Number: Enter your 10-character alpha-numeric code.
Click Save. GST will now be enabled for your organisation.
Tax Rates
Once GST is enabled, the following GST rates will be available by default in the Singapore edition of Zoho Expense. These default tax rates cannot be deleted or marked as inactive. The available tax rates are listed below:
| Tax Name | Code | Tax Percentage | Description |
|---|---|---|---|
| GST 0 | ZP | 0 | Zero-rated purchases |
| GST 0 | ZR | 0 | Zero-rated supplies |
| GST 8 | SR8 | 8 | Standard-rated supplies |
| GST 8 | TX-8 | 8 | Standard-rated purchases |
| GST 8 | TXCA - 8 | 8 | Standard-rated purchases of prescribed goods subject to customer accounting |
| GST 8 | TXRC-TS - 8 | 8 | Imported services and LVG directly attributable to the making of taxable supplies |
| GST 9 | IM | 9 | Import of goods |
| GST 9 | SRCA - S | 9 | Customer Accounting supply made by supplier |
| GST 9 | SR | 9 | Standard-Rated supplies |
| GST 9 | TXCA | 9 | Standard-rated purchases of prescribed goods subject to customer accounting |
| GST 9 | TXRC - TS | 9 | Imported services and LVG directly attributable to the making of taxable supplies |
| GST 9 | TX | 9 | Standard-rated purchases |
| GST 9 | BL | 9 | Disallowed Expenses |
Modify GST Settings
After setting up GST for your organization, you can update the GST Registration Number if required. To do this:
Navigate to Admin View.
Go to Settings on the left sidebar.
(OR)
Click the gear icon in the top right corner.
Select Taxes under Organization.
Update the GST Registration Number.
Click Save. Your organization’s GST number will be updated.
