Please note that IRAS has not carried out
any form of security testing of the accounting software
listed on IRAS’ ASR.
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 work
with software
vendors
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.
In addition,
with effect from 1 Jan 2020, GST is
applicable 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 work with software
vendors
to update
their accounting software, in order to cater to RC and OVR transactions.
However, as the RC mechanism and OVR regime are
expected to affect some businesses only, it is
not mandatory to make this feature available in accounting software.
We
have updated our guidelines for accounting software vendors
so that
they can incorporate the above-mentioned recommended
features
in
their accounting software as appropriate. For more details on these
features, you may refer to our e-Tax guide:
Guide on Accounting Software for Software Developers (ZIP, 692KB).
While the above-mentioned features are
not mandatory, accounting software that possess them will be clearly
distinguished in IRAS’ ASR.
Other accounting
software
that do not possess these features will continue to be listed as long as they
meet the mandatory requirements. IRAS will
continue to work with ASR
vendors on the
new features and will update the list of software in the ASR accordingly.
Meanwhile, you may wish to clarify with the software
vendors directly
on
whether their accounting software
is able to cater for these recommended features.