AutoCount Singapore (Official)

Forwarded from IRAS

Less than a month to the #CorporateIncomeTax2023 deadline of 30 Nov 2023 🔈

Ensure that you or your staff has been assigned with the “Approver” role for “Corporate Tax (Filing and Applications)” digital service in Corppass before filing the Form C-S/ Form C-S (Lite)/ Form C at myTax Portal.

File your taxes on time to avoid late filing penalties.

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#GST Rate Change Tips!

😎 3 main things to make sure you are ready for the rate change! (Source: IRAS)

#1️⃣ Update your systems to incorporate the new GST rate from 1 Jan 2024 (Tips: reach AutoCount today for a complete, accurate, TIER-3 IRAS ASR+ solution!)

#2️⃣ Prepare your price displays to reflect the new GST rate from 1 Jan 2024

#3️⃣ Understand and apply the correct GST rate for sales transactions and reverse charge supplies spanning 1 Jan 2024.

🏆 𝗠𝗶𝗻𝗶𝗺𝗶𝘇𝗲 𝗲𝗿𝗿𝗼𝗿 𝗮𝗻𝗱 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗲 𝗚𝗦𝗧 𝗿𝗲𝘁𝘂𝗿𝗻𝘀 𝘀𝘂𝗯𝗺𝗶𝘀𝘀𝗶𝗼𝗻 (𝗙𝟱, 𝗙𝟴) process with AutoCount Seamless Filing! 🏆 A solution 𝗼𝗳𝗳𝗶𝗰𝗶𝗮𝗹𝗹𝘆 𝗿𝗲𝗰𝗼𝗴𝗻𝗶𝘇𝗲𝗱 𝗯𝘆 𝗜𝗥𝗔𝗦 𝗮𝗻𝗱 𝗔𝗖𝗥𝗔!

Contact us for more info and free consultation!

Reach us at
✉️ sales.sg@autocountsoft.com or call
📞 +6591441373 or WhatsApp at: https://wa.link/u0jkdm
📞+6582982690 or WhatsApp at: https://wa.link/u2avd6

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#InvoiceNow tips

🧐 Is 𝗜𝗻𝘃𝗼𝗶𝗰𝗲𝗡𝗼𝘄 invoices can only be used in 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲?

Can I send and receive InvoiceNow invoices 𝗰𝗿𝗼𝘀𝘀 𝗯𝗼𝗿𝗱𝗲𝗿?
How will this impact my business with overseas customers?

The answer is 𝗬𝗘𝗦!
🌏 You can receive and send InvoiceNow e-invoices to businesses in other countries as long as they are on the 𝗣𝗲𝗽𝗽𝗼𝗹 network. 🌏

As a ✌️ 𝗽𝗿𝗲-𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝘃𝗲𝗻𝗱𝗼𝗿 by 𝗜𝗠𝗗𝗔, AutoCount offers accounting solution along with InvoiceNow, 💻 start invoicing smarter and easier with AutoCount today!
Ready to enjoy the benefits #InvoiceNow brings you? 😎

𝗥𝗲𝗮𝗰𝗵 𝘂𝘀 𝗮𝘁
✉️ sales.sg@autocountsoft.com or call
📞 +6591441373 or WhatsApp at: https://wa.link/u0jkdm
📞+6582982690 or WhatsApp at: https://wa.link/u2avd6

🇸🇬 #eInvoicing #peppol #singaporeinvoice #imda #accountingsingapore #invoicesme #sme

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Forwarded from IRAS

#GSTRateChange Do you know how much GST will be charged, for transactions that span the rate change? It all depends on when the invoice is issued, whether payment is made and if the goods/services have been delivered/performed. Read on for some scenarios you might find yourself in!

👉🏼 More info on the transitional rules for the rate change

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#GST Rate Change tips
“How much 𝗚𝗦𝗧 for 𝗰𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗳𝗲𝗲𝘀 charged by real estate agent for property purchase which 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲𝗱 𝗔𝗙𝗧𝗘𝗥 rate change date?”🤔
According to IRAS: If your brokering services are completed in 2023 and is 𝗼𝗻𝗹𝘆 pending payment after rate change and there is 𝗻𝗼 𝗼𝘁𝗵𝗲𝗿 𝘀𝗲𝗿𝘃𝗶𝗰𝗲 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗲𝗱 by you apart from the brokering services, you can charge 8% GST on your commission. 🔣
😵‍Facing difficulties to file tax?
Opt for 𝗔𝘂𝘁𝗼𝗖𝗼𝘂𝗻𝘁 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗦𝗲𝗮𝗺𝗹𝗲𝘀𝘀 𝗙𝗶𝗹𝗶𝗻𝗴 now, an 𝗼𝗳𝗳𝗶𝗰𝗶𝗮𝗹𝗹𝘆 𝗿𝗲𝗰𝗼𝗴𝗻𝗶𝘇𝗲𝗱 filing system which 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗲𝘀 𝗳𝗶𝗹𝗶𝗻𝗴 𝗽𝗿𝗼𝗰𝗲𝘀𝘀, within the system itself, contact us to arrange for a demo/trial!
Contact us now at:
✉️ sales.sg@autocountsoft.com or call
📞 +6591441373 or WhatsApp at: https://wa.link/u0jkdm
📞+6582982690 or WhatsApp at: https://wa.link/u2avd6
🇸🇬

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#GST Rate Change tips

“My company receives an invoice in 2️⃣0️⃣2️⃣3️⃣ for imported goods that is due to reach Singapore ON / AFTER 1 Jan 2024”

~ What is the GST rate payable on the import❓

According to IRAS: The Singapore Customs collects the GST for imports. For imports on/ after 1 Jan 2024, the GST rate of 9% would be imposed

And, 𝗧𝗼 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗲𝘀 𝗳𝗶𝗹𝗶𝗻𝗴 𝗽𝗿𝗼𝗰𝗲𝘀𝘀 𝗮𝗻𝗱 𝗺𝗶𝗻𝗶𝗺𝗶𝘇𝗲 𝗲𝗿𝗿𝗼𝗿? Contact AutoCount today, officially recognized by 𝗜𝗥𝗔𝗦 as the 𝗧𝗜𝗘𝗥-𝟯 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗿 in the ASR+ listing.

Reach us for Free consultation to learn more, as well as find the solution which suits your company best!👍

Reach us at
✉️ sales.sg@autocountsoft.com or call
📞 +6591441373 or WhatsApp at: https://wa.link/u0jkdm
📞+6582982690 or WhatsApp at: https://wa.link/u2avd6

🇸🇬 #tax #Singapore #singaporetax #taxreporting #sffs #seamlessfiling #mytax #singaporeGst #Gstratechange #accounting #accountingsoftware #autocount #iras

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Forwarded from IRAS

#GSTRateChange Consumers who come across cases of unjustified price increases of essential goods or services that use the GST increase as a cover can provide their feedback to the Committee Against Profiteering (CAP) at www.cap.gov.sg/shareyourfeedback. All feedback submitted will be reviewed by CAP, and further investigated if necessary, to identify businesses that may have engaged in unjustified price increases on the pretext of the GST increase.

For more information, please visit CAP’s website.

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#GST Rate Change tips

“Can I charge 9️⃣% GST on all invoices issued on or after 1 Jan 2024 for administrative ease, 𝗿𝗲𝗴𝗮𝗿𝗱𝗹𝗲𝘀𝘀 of the payment received date?”

The factors determining which GST rate is to be applied in your invoicing are:
a) when payment is received from your customer
b) when goods are delivered/ services are performed for your customer.
If you have received payment from your customer in 2023, it will be 8%. as the time of supply has been triggered before 1 Jan 2024.

Still facing difficulty during transition period or in tax filing?
AutoCount Accounting has been the 𝗙𝗜𝗥𝗦𝗧 𝗦𝗢𝗟𝗨𝗧𝗜𝗢𝗡 in Singapore which has been selected as the 𝗧𝗜𝗘𝗥 𝟯 solutions provider by 𝗜𝗥𝗔𝗦 , provides businesses with assurance that the software is compliant with local authorities requirements. ⚖️

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Ready to enjoy the benefits AutoCount Accounting brings you or want to know if our solution match your expectation? 🎉

Contact us at:
✉️ sales.sg@autocountsoft.com or call
📞 +6591441373 or WhatsApp at: https://wa.link/u0jkdm
📞+6582982690 or WhatsApp at: https://wa.link/u2avd6

🇸🇬 #tax #Singapore #singaporetax #invoicing #taxreporting #sffs #seamlessfiling #mytax #singaporeGst #Gstratechange #accounting #accountingsoftware #autocount #iras

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#GST 𝗥𝗮𝘁𝗲 𝗖𝗵𝗮𝗻𝗴𝗲 𝗧𝗶𝗽𝘀

3 Common Errors, a reminder from IRAS.

𝗘𝗿𝗿𝗼𝗿 #𝟭 - Charging GST at 9% 𝗯𝗲𝗳𝗼𝗿𝗲 1 Jan 2024
- Your payments received before 1 Jan 2024 should be subject to the current rate of 8%. This is so even if the goods and/or services are to be delivered on or after 1 Jan 2024.

𝗘𝗿𝗿𝗼𝗿 #𝟮 – Charging or displaying GST at 8% 𝗳𝗿𝗼𝗺 1 Jan 2024
- Keep in mind that mou may have multiple sales channels (e.g. mobile apps, self-ordering kiosks, physical outlets and online websites) where you display prices.

𝗘𝗿𝗿𝗼𝗿 #𝟯 – GST amount is computed correctly but wrong GST rate is reflected on 𝗿𝗲𝗰𝗲𝗶𝗽𝘁𝘀/𝗶𝗻𝘃𝗼𝗶𝗰𝗲𝘀 issued.
- Check that the correct GST rate is reflected when you issue receipts/invoices. Such checks should be performed when testing systems and processes before and after the implementation of 9% GST.

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