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VetlinkPRO: Singapore GST Rate Change
08Dec

VetlinkPRO: Singapore GST Rate Change

08 Dec, 2022 | GST | Newsletters | 0 Comments | Return|
The GST rate will change in Singapore on 01/01/2023, from 7% to 8%, and here at VetlinkPRO we are ready for the change, we’ve got your back!
 
 
 
VetlinkPRO
 

Dec 2022

Important Information

Singapore GST Rate Change
Singapore GST
 
The GST rate will change in Singapore on 01/01/2023, from 7% to 8%, and here at VetlinkPRO we are ready for the change, we’ve got your back!
 
What you need to do
 
Make sure you have the latest version of VetlinkPRO, version 6.10p or later. To check your current version go to Help > About, if you are unsure please call our support team, ph: 3159 0522. To arrange for an update please contact our support team BEFORE 20/12/2022.
 
Please read the document attached, this will guide you through the changes and the outcomes. 
 
When the GST change comes into effect, 01/01/2023, and you open VetlinkPRO for the first time you will be presented with two options, to update your GST only or update GST and increase product pricing: 
GST
 
  • YES: this will KEEP the current product pricing and update the GST only, your product pricing will remain the same. 
  • INCREASE: this will update GST and the product retail price, your product retail prices will be adjusted and increased.
Please make your selection carefully, the action you choose is IRREVERSIBLE!
 
Recommendations
 
Close all sales bills and purchase invoices before 01/01/2023. 
Perform End Of Month on 01/01/2023 for both Debtors and Creditors before you start entering any transactions on 01/01/2023.  
 
Please read the attached document carefully to make yourself familiar with how the changes affect you.  
 

Australia - 1300 361 447

New Zealand - 0800 235 452

United Kingdom - 0845 095 0132

Singapore - 3159 0522

Hong Kong - 3018 4585

United States - 8555 655 971

Global - +64 9 489 2280
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