(SGP) Calculate a sales tax payment and print the GST F5 report

  • Article

Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

You can print a Goods and Services Tax (GST) sales tax return report for Singapore that includes all of the taxable transactions for a specific quarter, grouped by sales tax groups. Send the report to the Inland Revenue Authority of Singapore (IRAS) on a quarterly basis.

Use the Sales tax payment form to calculate a sales tax payment and print the GST F5 report.

  1. Click General ledger > Periodic > Sales tax payments > Sales tax payments.

  2. In the Settlement period field, select a sales tax settlement period that is set up for the IRAS tax authority.

  3. In the From date field, select the earliest date to include transaction sales tax amounts in the calculation. For example, to make a sales tax payment for the quarter beginning January 1, enter January 1.

  4. In the Transaction date field, select the last day of the period that you are calculating taxes for. For example, enter March 31.

  5. To create a vendor transaction for the sales tax authority assigned to the sales tax settlement period, select the Update check box.

  6. Click OK. The sales tax payment is calculated, and the GST F5 Goods and Services Tax Return report is printed.