How to manage the Singapore GST rate change in Xero
Xero
NOVEMBER 26, 2023
In the 2023 budget announcement, Singapore’s Minister for Finance announced the GST rate will increase from 8% to 9% on 1 January 2024. To help you do this, on 1 January 2024 we’ll be introducing a new button at the top of your chart of accounts page, called ‘update to 9% defaults’.
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