Operations — GST 9 %, InvoiceNow, CPF Payroll, PayNow
The operational rhythm of a Singapore company: a 9 % GST regime with quarterly F5 returns, InvoiceNow Peppol transmission required for every taxable invoice, CPF contributions due monthly for every locally employed staff member, and PayNow as the dominant payment rail. These six topics cover each obligation in detail.
GST Return 9 % (F5)
GST in Singapore: standard rate 9 %, zero-rated exports and international services, quarterly F5 return submitted through IRAS myTax Portal.
InvoiceNow Peppol E-Invoicing
InvoiceNow in Singapore: IRAS-endorsed Peppol network e-invoicing, mandatory for GST-registered businesses, UBL 2.1 format, digital audit trail.
Bookkeeping & Statutory Accounts
Maintaining business books in Singapore: Singapore-aligned chart of accounts, linkage to an accounting firm and preparation of statutory financial statements under the Companies Act.
Payroll & CPF Contributions
Payroll processing in Singapore: CPF contributions for employees and employers, MOM IR8A annual income declaration and statutory payroll obligations.
Invoicing & PayNow Reconciliation
Reconciling PayNow instant payments against InvoiceNow invoices in Singapore: matching receipts, issuing digital receipts and maintaining a clean IRAS audit trail.
Bank Reconciliation
Automatic matching of bank statement credits with open invoices in Singapore, overdue tracking and automated reminders.
