Thanks for posting in the Community space, T Yosh.
Let me explain how sales tax works in QuickBooks Online (QBO) Singapore.
When you enable the Tax feature, the system will automatically track your sales tax and a default set of GST/VAT codes are created for you. These are the most often used GST/VAT rates where you can add or remove tax rates at any moment.
If you need to update a tax rate, we advise you to create a new tax rate instead of changing an existing one. Since the old rate may have been used on prior transactions changing the rate could affect your sales tax tracking.
In addition, QuickBooks is compliant with Singapore's tax reforms. So, if there are changes in the GST rates, the system will automatically update them.
For more details on how sales tax feature works in QBO, see these articles:
To help you manage your taxes in the future, visit our Community help page for related articles.
If you have any questions, don't hesitate to comment below. I'm always here to lend a hand. Have a great day!
