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Singapore Notifications

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Disclaimer: “Managed Rate Administration is a licensed service offered by SAP Concur with a recurring fee. The rate updates posted are for informational purposes. If you are an MRA customer, please open a ticket with support (with MRA in the subject line) to request the specific rate update. If you would like more information about licensing the service, please contact your SAP Concur Account Executive. Information about the service, please click here."

 

If you are using the Travel Allowance and / or Mileage Service, please check the status of the Rate Update here (Regulatory Change Manager (cloud.sap)

 

Dear administrator,

 

please find below info about Statutory changes for Singapore:

 

VAT rates, last update effective January 01 2024:

 

No further changes for 2025 at this moment

 

VAT Rate Effective Percentage
Standard 01 Jan 2024 9
Standard 01 Jan 2023 8
Standard till 31 Dec 2022 7

 

More details can be found on:

Inland Revenue Authority of Singapore

 

 

Note: Please disregard these updates/changes if they do not apply to your SAP Concur configuration.  If these updates/changes apply to your configuration, you wish to add/remove any of your organization email contacts or if you have questions, please, raise a Support case for MRA Team (Steps here)

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