Support for Transactions in Foreign Currency
The Inland Revenue Authority of Singapore (IRAS) requires local sales in foreign currencies to be converted to Singapore dollars. If a transaction uses a foreign currency, a GST Summary section is added to printed invoices and credit notes. The section appears when you use the Singapore Tax Invoice or Singapore Credit Note template. The GST Summary shows the subtotal (excluding tax), tax amount, and total amount (including tax) in the base currency. If your base currency is the Singapore dollar, the GST Summary displays the amounts in Singapore dollars.