Release Month: January 2022
The document communicates the compliance updates in this release of the Financio v3.2.
These features and enhancements updates have been tested and made available on the following product plan:
1. Compliance update: Direct Submission of GST
Users can now perform GST submission directly within Financio. This eliminates the need to log into myTax Portal and manually input tax figures, hence reducing the risk of transposition errors as well as improving the accuracy of the tax returns submitted to the Inland Revenue Authority of Singapore (IRAS).
This feature update includes:
• New GST E-submission menu for GST F5, F7 and F8.
• Submission history for GST F5, F7 and F8.
• GST De-registration date
To learn more about this compliance update, please click here.