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  1. Singapore Tax - GST F5 for foreign currency ledger

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    7 comments  ·  For accountants & bookkeepers » Xero Tax  ·  Admin →
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    Gaining Support  ·  AdminKelly Munro (Community Manager, Xero) responded

    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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    Nurashikin Abdulla commented  · 

    We have a few Singapore entities on Xero. They are all registered under one Group GST registration. It would be good to have a function to consolidate GST reporting under the same GST registration number as they are related subsidiaries.

    Thanks.

    Nurashikin Abdulla supported this idea  ·