3298091 - GST Rate Change for Singapore Country

You try to create a new supplier invoice in January month however, system considers new changed tax rate as opposed to old one. This is allowed as per Singapore laws where an invoice created in new year can still carry previous year tax rate.

As per Singapore law, post 2023 Jan GST rate is increased to 8% from 7%. This may again gets updated in coming years and customers are legally allowed to post an invoice on 2023 using the old rate if the work was performed before 2023.

SAP Business ByDesign

Tax rate, Tax code, Supplier Invoice , KBA , SRD-FIN-TAX , Tax Management , SRD-FIN-GLO-TAX , GLO - Tax Declaration , Problem