Please note that IRAS has not carried out any form of security testing of the accounting software. You are encouraged to ask the developers for information about the security aspects of the accounting software.
IRAS will not be liable for any losses or damages, loss of income, profit or savings, or indirect, incidental, special, consequential or punitive damages arising from or in connection with the use of any of the above accounting software.
New! Introduction of recommended features for IRAS ASR software
To further assist businesses in managing their GST compliance, we are working with software developers to introduce some new, non-mandatory features into their accounting software. Such features include GST registration and filing reminders, as well as the automation of GST blocked
input tax claims.
With effect from 1 Jan 2020, GST would be applied on imported services in the context of business-to-business (“B2B”) transactions by way of a
Reverse Charge (RC) mechanism, and on imported digital services in the context of business-to-consumer transactions (“B2C”) by way of an
Overseas Vendor Registration (OVR) regime, provided that certain conditions are met. We are working with software developers to update their accounting software, in order to cater to RC and OVR transactions. However, as the RC and OVR are expected to affect some businesses only, we will not be making this feature
mandatory.
We have updated our guidelines for accounting software developers so that they can incorporate the above-mentioned features as appropriate. For more details on these features, you may refer to our e-Tax guide:
Guide on Accounting Software for Software Developers (1070KB).
While the above-mentioned features are not mandatory, accounting software that possess them will be clearly distinguished in our ASR. Other software that do not possess these features will continue to be listed as long as they meet the mandatory requirements. IRAS is currently working with
ASR developers on the new features and will update the list of software in the ASR accordingly. Meanwhile, you may wish to clarify with the software developers directly on whether their software is able to cater for these recommended features.