Hi,
Thanks for this.
I didn't understand:
"we don't have any information yet bout QuickBooks will change the rate automatically from 8% to 9% in January 2024. "
It's not clear for me. The singapore government has announced 7-8%> on 1st Jan 23, and 8->9% on 1st Jan 24, ages ago. Do you mean that you at present, have no plan to change the rate 8->9% on the 2024 new years day dispite the gov's announcement?
Let me ask in a different way. What happened in Jan 2023 when standard rate changed from 7->8% in Jan this year? Did your system automatically changed the rate on the day for example for "SR"? If so what Time / Date exactly you've change?
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I understand that using custom tax code only is feasible - many thanks for this clear statement.
Regards,
