Entering Singapore Tax Code
Enter the appropriate Singapore tax code in the SG PEPPOL Tax Code field on the tax code record being referenced by your invoice or credit memo records. This links your NetSuite tax codes with Singapore tax codes; otherwise, you’ll get an error in processing the e-documents of invoices and credit memos.
To enter the tax code in the SG PEPPOL Tax Code field:
-
Go to Setup > Accounting > Taxes > Tax Codes.
-
From the list, click Edit next to the tax code record you use for your business in Singapore.
-
In the SG PEPPOL Tax Code field, select the appropriate Singapore tax code.
For more information, see Singapore Tax Codes.
-
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 you need to report under GST law |
|
SG_ES33 |
Specific categories of exempt supplies listed under regulation 33 of the GST (General) Regulations |
|
SG_ESN33 |
Exempt supplies not listed in regulation 33 of the GST (General) Regulations |
|
SG_NG |
Supplies from a company that isn’t registered for GST |
|
SG_OS |
Supplies outside the scope of the GST Act |
|
SG_SR |
Standard GST rate for Singapore |
|
SG_SRCA-C |
Customer accounting supply where the customer is responsible on the supplier’s behalf |
|
SG_SRCA-S |
Customer accounting supply made by the supplier |
|
SG_SRLVG |
Your own supply of low-value goods |
|
SG_SROVR-LVG |
Low-value goods supplied by a redeliverer or electronic marketplace for third-party suppliers |
|
SG_SROVR-RS |
Remote services supplied by an electronic marketplace under the Overseas Vendor Registration Regime |
|
SG_SRRC |
Reverse charge - Standard rate for Singapore |
|
SG_UNDEF |
Used when NetSuite cannot determine the appropriate tax code for a transaction. |
|
SG_ZR |
Zero GST rate for Singapore |
|