How to manage the Singapore GST rate change in Xero
Xero
NOVEMBER 30, 2022
In the 2022 budget announcement, Singapore’s Minister for Finance announced the GST rate will increase from 7% to 8% on 1 January 2023, and from 8% to 9% on 1 January 2024. There are a number of areas where you can set default tax rates in Xero. bank reconciliation. automated bank rules. bank reconciliation.
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