Setting Up Singapore Tax Reports

Setting up Singapore Tax Reports involves entering information and setting up records in several Sage 300 programs.

To set up Singapore Tax Reports:

  1. If security is turned on for your Sage 300 system, assign users security authorization for Singapore Tax Reports. (Only the system administrator can do this.)

    For more information about assigning security authorizations, see the System Manager help.

  2. In the Company Profile screen in Common Services, check that there is information in the following required fields:
    • Doing Business As
    • Legal Name
    • Tax Number

  3. In General Ledger, check that the following required accounts are set up:

    Account Description

    Account Type

    Purpose

    Comments

    GST Input Tax

    Balance Sheet (Control Account)

    Purchase Tax

    For Acquisition

    GST Output Tax

    Balance Sheet (Control Account)

    Sales Tax

    For Supply

    GST Control Account

    Balance Sheet

     

    To show the net tax effected

    GST Liability

    Balance Sheet

     

     

    GST Claimable

    Balance Sheet

     

     

    GST Suspense

    Balance Sheet

     

     

    GST Expense

     

    Purchase Tax

    For non-claimable input tax
  4. In Tax Services, create tax authorities, tax classes, tax rates, and tax groups. For more information, see the Tax Services help.

    To support customer accounting for prescribed goods, you must create some special records in Tax Services. For more information, see Setting Up Records for Customer Accounting.

  5. In the T/S Tax Code Mapping screen, specify the applicable IRAS tax code for each of the tax classes you created.

    Note: If you used the Singapore tax reports macro that was available previously, tax codes that were mapped in the macro are copied into this screen.

  6. In Accounts Payable:
    1. In the Registration Number field on the Invoicing tab of the A/P Vendors screen, enter a supplier UEN for the specified tax authority and tax class.
    2. If you have vendors who need import permit numbers, create a record for each of these vendors in the A/P Remit-To Locations screen.

      When entering an invoice for one of these vendors in the A/P Invoice Entry screen, you must specify the remit-to location in the Remit-To Location field on the Document tab, and the import permit number in the Import Declaration Number field on the Taxes tab.

    3. In the A/P G/L Integration screen, specify the following information for the Invoice, Debit Note, and Credit Note transaction types:
      • G/L Entry Description: Vendor Name
      • G/L Detail Reference: Document Number
      • G/L Detail Description: Detail Description
  7. In Accounts Receivable:
    1. In the Registration Number field on the Invoicing tab of the A/R Customers screen, enter a customer UEN for the specified tax authority and tax class.
    2. In the A/R Ship-To Locations screen, ensure that there is a primary ship-to location (specify Yes in the Primary Ship-To field). Also, ensure that there is a country specified for the primary ship-to location.
    3. In the A/R G/L Integration screen, specify the following information for the Invoice, Debit Note, and Credit Note transaction types:
      • G/L Entry Description: Customer Name
      • G/L Detail Reference: Document Number
      • G/L Detail Description: Detail Description