Reporting Features for Singapore

Oracle Fusion Applications provide standard financial and tax reports to meet the legal and business reporting requirements of tax authorities in Singapore.

The reports allow you to report on the taxable gain and/or loss on transactions entered in Oracle Payables and Oracle Receivables. The gain or loss may arise due to differences between the accounting gain and loss using a corporate conversion rate and the conversion rate provided by the supplier or General Ledger Daily Rate.

The reports can then be used to help you finalize your tax returns to IRAS (Inland Revenue Authority of Singapore)

The Input and Output Tax Gain and Loss reports for Singapore can be submitted as follows:

• Input Tax Gain and Loss Report for Singapore
• Output Tax Gain and Loss Report for Singapore