1. Country-Specific Features
  2. Singapore Help Topics
  3. Singapore PEPPOL-Ready e-Invoicing
  4. Setting Up Singapore PEPPOL-Ready e-Invoicing
  5. Entering Singapore Tax Code

Entering Singapore Tax Code

The appropriate Singapore tax code must be entered in the SG PEPPOL Tax Code field on the tax code record being referenced by your invoice or credit memo records. Doing so maps or associates your existing NetSuite tax codes with Singapore tax codes; otherwise, an error will be encountered in processing the e-documents of invoices and credit memos.

To enter the tax code in the SG PEPPOL Tax Code field:

  1. Go to Setup > Accounting > Taxes > Tax Codes.

  2. From the list, click the Edit link of the tax code record you are using for your business in Singapore.

  3. In the SG PEPPOL Tax Code field, select the appropriate Singapore tax code.

    For more information, see Singapore Tax Codes.

  4. Click Save.

Singapore PEPPOL-Ready e-Invoicing SuiteApp Tax Codes

The SuiteApp uses the following tax codes and tax types for accounts with a Singapore nexus:

Tax Type

Description

Properties

SG_DS

Supplies required to be reported pursuant to the GST legislation

  • Rate: 9%

  • Tax Type: GST_SG

  • Available on: Sales transactions

  • Tax Rate Type: Standard

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

SG_ES33

Specific categories of exempt supplies listed under regulation 33 of the GST (General) Regulations

  • Rate: —

  • Tax Type: GST_SG

  • Available on: Sales transactions

  • Tax Rate Type: Exempt

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

SG_ESN33

Exempt supplies other than those listed under regulation 33 of the GST (General) Regulations

  • Rate: —

  • Tax Type: GST_SG

  • Available on: Sales transactions

  • Tax Rate Type: Exempt

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

  • Non-Regulation 33 Exempt Supplies

SG_NG

Supplies from Non GST registered company

  • Supplies from a company which is not registered for GST

SG_OS

Supplies outside the scope of the GST Act

  • Rate: —

  • Tax Type: GST_SG

  • Available on: Sales transactions

  • Tax Rate Type: Exempt

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

SG_SR

Standard rate for Singapore

  • Rate: 9%

  • Tax Type: GST_SG

  • Available on: Both

  • Tax Rate Type: Standard

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

SG_SRCA-C

Customer accounting supply accountable by the customer on supplier’s behalf

  • Rate: 9%

  • Tax Type: GST_SG_RC

  • Available on: Purchase transactions

  • Tax Rate Type: Standard

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

  • Customer Accounting

  • Post as Sales in IAF

SG_SRCA-S

Customer accounting supply made by the supplier

  • Rate: —

  • Tax Type: GST_SG

  • Available on: Sales transactions

  • Tax Rate Type: Exempt

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

  • Customer Accounting

SG_SRLVG

Own supply of low value goods

  • Rate: 9%

  • Tax Type: GST_SG

  • Available on: Sales transactions

  • Tax Rate Type: Standard

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

SG_SROVR-LVG

Supply of low value goods accountable by the redeliverer or electronic marketplace on behalf of third-party suppliers

  • Rate: 9%

  • Tax Type: GST_SG

  • Available on: Sales transactions

  • Tax Rate Type: Standard

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

SG_SROVR-RS

Supply of remote services accountable by the electronic marketplace under the Overseas Vendor Registration Regime

  • Rate: 9%

  • Tax Type: GST_SG

  • Available on: Sales transactions

  • Tax Rate Type: Standard

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

SG_SRRC

Reverse charge -Standard rate for Singapore

  • Rate: 9%

  • Tax Type: GST_SG_RC

  • Available on: Purchase transactions

  • Tax Rate Type: Standard

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

  • Post as Sales in IAF

SG_UNDEF

Used when NetSuite cannot determine the appropriate tax code for a transaction.

 

SG_ZR

Zero rate for Singapore

  • Rate: 0%

  • Tax Type: GST_SG

  • Available on: Both

  • Tax Rate Type: Zero

  • Payables Account: Tax on Sales Singapore

  • Receivables Account: Tax on Purchases Singapore

General Notices