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  1. 13 votes

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    Thanks for sharing and supporting in this idea, everyone. Right now, developing GST F5 for foreign currency in Singapore isn't in our roadmap.

    Currently, Singapore organisations can access the GST Audit report that shows the base currency, FX value and Singapore dollar value information you’ll need to meet IRAS requirements.

    You can also use the Foreign Currency Gains and Losses report to show the gains and losses needed for IRAS reporting.

    We'll continue to get a sense of the interest in this idea, and if there are any changes will share news with you here.

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    Pheng Soon Tan commented  · 

    I must support this request.
    to generate the F5 from foreign currency, we have to spend alot of time pulling out all the transactions in their source currencies and translate them into SGD.

    The Foreign Currency Gains and Losses report showing the gains and losses helps with the IRAS reporting but we still need the other amounts for the F5 fields.

    this is a important localisation especially when Singapore is getting everyone to be on InvoiceNow/e-Invoicing. Xero will lose out to the other accounting software.

    so i hope you can highlight this to the dev team.

    Pheng Soon Tan supported this idea  · 
  2. 25 votes

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    Pheng Soon Tan shared this idea  · 
  3. 83 votes

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    Pheng Soon Tan shared this idea  ·