Frequently Asked Questions
Answers to common queries about our VAT solutions and services
VAT is a consumption tax applied to goods and services. Businesses in Singapore
whose taxable turnover exceeds the registration threshold must sign up for VAT to remain compliant with
local regulations.
Our system is updated in real time with any changes in the VAT framework, ensuring
that all future calculations and submissions reflect the correct rate from the effective date.
Yes, our tools account for import and export rules, zero-rated supplies and
reverse charge mechanisms, providing clarity and accuracy for international transactions.
In Singapore, VAT are typically submitted quarterly. Taxyro monitors
deadlines and prepares your ahead of time to avoid any missed filings.
You will need to share sales and purchase records, invoices, import/export
documentation and any prior VAT filings to enable accurate calculations.
Once your inquiry is submitted, our team aims to acknowledge it within one
business day and provide a detailed response shortly after.
We offer flexible engagement models with no long-term commitments. Services can be
tailored to project-based or ongoing support as required.
Our specialists guide you through tax authority reviews, compiling necessary
evidence and liaising on your behalf to address any queries.
Fees are based on the complexity and volume of transactions. We provide
transparent quotes with a clear breakdown so you know exactly what to expect.
You can explore our comprehensive VAT calculation module, which adapts to
Singapore’s GST framework and automatically updates rates for various goods and services.
Taxyro integrates seamlessly with your accounting workflows, providing accurate
VAT computations, timely preparation and submission guidance tailored to the Inland Revenue
Authority of Singapore standards.
Our support team is available via email and live chat during Singapore business
hours, assisting with setup, rate updates and any troubleshooting related to VAT calculations and
reporting.
Yes. Taxyro offers customizable reporting templates that cover transaction
summaries, rate breakdowns and reconciliation details, ensuring you have clear documentation for
internal reviews or external audits.
We use industry-standard encryption and access controls to secure your data.
Regular backups and multi-factor authentication protect your VAT calculations and client records.
Our system monitors official IRAS announcements and applies any rate changes
automatically, so your calculations remain accurate without manual intervention.