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Direct filing of the Singapore GST F5 return is coming to Xero

Xero

At Xero, we are committed to helping Singapore small businesses simplify their accounting processes. Xero’s GST F5 direct filing functionality eliminates the need for you to log into myTax portal to input tax figures manually, which in turn reduces transposition errors and improves the accuracy of your returns submitted to IRAS.

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Keeping up with tax regulatory compliance

ThomsonReuters

If the auditor finds there is an error in the amount of tax due, the auditor will educate the taxpayer and will assess the correct amount of tax that should’ve been paid. Common pitfalls within tax compliance are human error, or not getting all the information from the business owner or individual.

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