IRAS recognises the importance of accounting software in helping businesses comply with their tax obligations.
To help you meet your tax obligations, IRAS’ ASR provides a list of accounting software that meets IRAS’ principles and technical requirements as set out in the e-Tax Guide: Guide on Accounting Software for Software Developers (ZIP, 692KB).
New! Transiting to the new IRAS ASR+
In-line with the global digitalisation push, IRAS strives to meet the evolving needs of taxpayers by encouraging seamless tax filing. To this end, we have enhanced our partnership with the software developer community to launch a new software listing, IRAS ASR+. The new IRAS ASR+ provides a list of software that enables taxpayers to fulfil their tax obligations seamlessly. You may refer to this page for further details on the new IRAS ASR+.
Both the ASR and ASR+ listings will co-exist till 31 Dec 2022. However, the ASR listing will be de-commissioned on 31 Dec 2022 and only the ASR+ listing will exist from 1 Jan 2023.
Meanwhile, you may wish to clarify with the software vendors directly on their plans to transit their accounting software to the new ASR+. Please email us at [email protected] for any clarifications on the ASR+.
List of Software on the Register
You can find the list of software vendors and their software here (PDF, 368KB), in alphabetical order. Please note that only listed software that is offered directly by the vendors in this listing meets IRAS’ principles and technical requirements as set out in the e-Tax Guide: Guide on Accounting Software for Software Developers (ZIP, 692KB)
Usage of Software listed on IRAS’ ASR
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.
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.
Funding Support for Accounting Software Listed on IRAS’ ASR
Some of the accounting software listed on IRAS’ ASR are eligible for funding support under the Productivity Solutions Grant (PSG) as the software are pre-approved accounting management IT solutions by the Infocomm Media Development Authority (IMDA).
To find out if an IRAS’ ASR listed software is pre-approved under the PSG and eligible for funding support or learn more about the PSG, please refer to IMDA’s website.
Getting Listed on IRAS’ ASR
If you would like to list your accounting software on IRAS’ ASR, please refer to Information for Accounting Software Developers.
Please email us at [email protected] if you need assistance or clarification on IRAS’ ASR.
If my business purchases a new accounting software, do we need to migrate all the accounting transactions recorded in the existing accounting software to the new accounting software?
There is no specific requirement for businesses to migrate the accounting transactions recorded in the existing accounting software to the new accounting software. However, after purchasing the new accounting software, businesses must continue to retain and be able to retrieve the accounting transactions that had been recorded in the existing software for at least five years from the Year of Assessment or end of the GST accounting period to which it relates. Other business documents associated with these transactional records, such as source documents, accounting records and schedules and bank statements, should be retained accordingly as well.