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Nov 17, 2022 at 11:36 AM

#CEO Singapore GST Tax rate changes on 1/1/2023 and 1/1/2024

342 Views Last edit Nov 17, 2022 at 04:46 PM 2 rev

We are live with S4 Hana public cloud in Singapore.

There is a statutory tax change taking place on1/1/2023 from 7%to 8%

and then in 1/1/2024 from 8% to 9%

The tax rate is in the description of the SAP standard tax codes and in the rate.

Will SAP be changing these tax codes on the public cloud as its a country statutory change.

We need to test the changes starting from now as we have interfaces coming into the S4Hana Cloud system so want to know when SAP will be implementing this change - at least the one for 1/1/2023