GST in Singapore

Singapore tax rates are automatically loaded for organisations that are set up with Singapore as their country. If you use multicurrency, you can use an invoice template designed for Singapore with a table covering GST details.

Default tax rates

If your organisation is based in Singapore, Xero provides tax rates relevant to Singapore. Using these tax rates will produce the correct codes for your IAF audit file.

NameTax Rate
Deemed Supplies7%
Disallowed Expenses0%
Exempt Purchases0%
Imports under a Special Scheme0%
Imports under the Import GST Deferment Scheme0%
Non-Regulation 33 Exempt Supplies0%
Out Of Scope Purchases0%
Out Of Scope Supplies0%
Partially Exempt Traders Non-Regulation 33 Exempt7%
Partially Exempt Traders Regulation 33 Exempt7%
Partially Exempt Traders Residual Input tax7%
Partially Exempt Traders Standard-Rated Purchases7%
Purchases from Non-GST Registered Suppliers0%
Regulation 33 Exempt Supplies0%
Standard-Rated Purchases7%
Standard-Rated Supplies7%
No Tax0%
Zero-Rated Purchases0%
Zero-Rated Supplies0%

Invoice template for GST reporting on foreign currency invoices

If your base currency is Singapore dollars (SGD) and you invoice in foreign currencies, we recommend you use a custom invoice template. It features a separate table covering GST details for reporting purposes.

To download this template:

  1. Open our list of invoice templates.
  2. Click Invoice template for multicurrency organisations with Singapore dollars (SGD) base currency and download.
  3. Save the template to your computer as a DOCX file. For example, Invoice.docx.

To upload this template:

  1. In the Settings menu, select General Settings.
  2. Under Features, click Invoice Settings.
  3. Click the arrow next to New Branding Theme, then select Custom .docx.
  4. Name your theme and click OK.
  5. Locate the new branding theme you've just named, then click Upload.

    Image showing the Upload button highlighted.

  6. Under Invoice, click Browse to find the new DOCX file you saved to your computer.
  7. Click Upload to finish the process.

When you add or edit invoices, the new template will be available to select from the Branding dropdown. If you wish, you can also set it up as the default branding theme.