Compliance with Singapore Customer Accounting Invoice Requirements
Southeast Asia Localization SuiteApp enables compliance with the Singapore customer accounting requirements in the printed invoice and credit memo.
If a Singapore tax code with reverse charge property is used, the Singapore tax invoice and credit note templates will include a statement informing the customer that the sale is subject to customer accounting:
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Statement for Tax Invoice -'Customer accounting: Customer to pay GST of SGD XXX.XX to IRAS.'
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Statement for Credit Note -'Customer accounting: Customer to account for output tax adjustment of -SGD XXX.XX.'
The tax amount indicated is the total tax of all line items that uses a tax code with reverse charge property. Line items with reverse charge tax code applied are marked with asterisks to indicate which items are part of customer accounting.
Customer accounting placeholder tags in the default templates can be used in other templates to include required information in the printed invoice and credit memo.
The customer’s GST Registration Number is required, but currently it is not included in the Singapore templates. The customer’s GST Registration Number should be manually added to the template if applicable to your company.