(SGP) Set up tax groups for GST reporting [AX 2012]

Updated: February 17, 2011

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

Use the Sales tax groups form to set up sales tax groups. The sales tax groups are assigned to companies, and taxes are calculated based on the tax codes that are in effect when transactions occur. For Singapore, set up at least the following three tax groups:

  • GST – Use this group for companies that are subject to standard tax.

  • Exempt – Use this group for companies that provide certain financial services or the sale and lease of residential properties. Sales tax is not charged for these types of supplies.

  • Zero-rated – Use this group for companies that have special trade agreements. The export of goods and the provision of international services are zero-rated supplies.

  1. Click General ledger > Setup > Sales tax > Sales tax groups.

  2. Press CTRL+N to create a new sales tax group.

  3. In the Sales tax group field, enter a name, such as GST, and then enter general information about the sales tax group.

  4. Click the Setup tab. Press CTRL+N.

  5. In the Sales tax code field, select a sales tax code to add to the sales tax group.

  6. Repeat steps 2 through 5 to set up additional sales tax groups.

  7. Close the form to save your changes.

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