- IRAS has updated guidance for completing GST Form F5.
- The update provides detailed instructions for each box on the form.
- GST F5 is the standard form for reporting GST in Singapore.
- The form has fifteen boxes that need to be completed.
- GST returns are filed through the myTax Portal.
- All figures must be reported in Singapore currency.
- Guidance is available for reporting foreign currency transactions.
- A nil return must be filed with zero in all boxes if there are no transactions.
- The form includes up to 21 sections detailing different elements of GST transactions.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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