Singapore GST Codes

 

Common GST codes

QuickBooks automatically sets up a list of common GST codes for you, based on where your company is located.

 

GST Code

GST on Sales (output tax) 

Sa

Sales

7% SR

Goods and/or services made in Singapore unless the supply is zero-rated.

0% ZR

Zero-rated.

Examples include sale of air-tickets and international freight charges.

0% ES33

Trader that makes both taxable and exempt supplies (partially exempt trader). Input tax directly attributable to Regulation 33.

Regulation 33 Exempt Supplies include interest income from deposits with a Singapore financial institution, realised foreign exchange gains or losses, first issue of bonds, first issue of shares through an Initial Public Offering, interest from loans provided to employees, factoring receivables, money from unit trusts.

0% ESN33

Trader that makes both taxable and exempt supplies (partially exempt trader). Input tax directly attributable to non-Regulation 33.

Examples of exempt supplies that are not covered under Regulation 33 include sale and rental of residential properties and financial services provided.

0% Out of Scope

Nontaxable goods and services

No tax form entry

7% DS

Deemed supplies - where a supply has taken place even though no goods/services were provided or consideration paid.

Examples include free gifts (more than $200) and disposal of business assets without consideration.

0% OS

Purchase of goods outside the scope of GST.

Examples include transfer of business as a going concern, private transactions, third country sales (i.e. sale of goods from a place outside Singapore to another place outside Singapore) and sales made within Zero GST Warehouse.

GST on Purchases (input tax credit)

 

7% TX

Goods and/or services purchased for business purposes from GST-registered traders.

This is the most commonly used code.

0% ZP

Goods and/or Services purchased from GST-registered suppliers where GST is charged at 0%.

Examples include purchase of air tickets, travel insurance, international freight charges and IDD calls.

GST of 0% to box 7

7% IM

Imported goods subject to duties and/or GST

Net amount of sale to box 5

GST of 7% to box 7

0% ME

Imported goods under Major Exporter Scheme and Third Party Logistics Scheme

Net amount of sale to box 5

GST of 0% to box 9

7% BL

GST incurred but the claiming is specifically disallowed.

Examples include sporting and recreational club subscription fees, medical expenses and accident insurance premiums incurred by your staff; benefits provided to family members or relatives of your staff; costs and running expenses of a motor car; transactions involving betting, sweepstakes, lotteries, fruit machines or games of chance.

No information to return0% NR

Goods and/or Services purchased from a non-registered supplier/trader.

No information to return0% EP

Purchases related to residential properties or certain financial services where no GST was levied (i.e., Exempt from GST).

This tax code is required for auditing purposes.

No information to return0% OP

Purchase of goods outside the scope of GST, such as overseas goods that did not come into Singapore.

No information to return7% TX-ESS

Trader that makes both taxable and exempt supplies (partially exempt trader). Input tax is directly attributable to Regulation 33.

Regulation 33 Exempt Supplies include interest income from deposits with a Singapore financial institution, realised foreign exchange gains or losses, first issue of bonds, first issue of shares through an Initial Public Offering, interest from loans provided to employees, factoring receivables, money from unit trusts.

Net amount of sale to box 5

GST of 7% to box 7

7% TX-N33

Trader that makes both taxable and exempt supplies (partially exempt trader). Input tax is directly attributable to non-Regulation 33.

Examples of exempt supplies that are not covered under Regulation 33 include sale and rental of residential properties and financial services provided.

Net amount of sale to box 5

GST of 7% to box 7

7% TX-RE

Trader that makes both taxable and exempt supplies (partially exempt trader). Input tax not directly attributable to the making of taxable or exempt supplies.

This includes operation overhead for a development of mixed property (comprised of residential and commercial properties).

Net amount of sale to box 5

GST of 7% to box 7

 

Filing GST