Odoo for Singapore: GST & Singaporean Localization Guide

Singapore Tax in Odoo

Singapore has a 9% GST (increased from 8% in January 2024). IRAS (Inland Revenue Authority of Singapore) oversees GST compliance. Singapore is also adopting InvoiceNow (Peppol) for electronic invoicing.

GST Configuration

# GST rates:
# 9% — Standard (most goods and services)
# 0% — Zero-rated (exports, international services)
# Exempt — Financial services, residential property, digital tokens
# Out of scope — Private transactions, government fees

# Setup in Odoo:
# Select Singapore during installation
# GST 9% sales and purchase taxes pre-configured
# Singapore chart of accounts installed
# SGD as default currency

GST Returns

# Filed quarterly with IRAS:
# GST F5 Return fields:
# Box 1: Total value of standard-rated supplies
# Box 2: Total value of zero-rated supplies
# Box 3: Total value of exempt supplies
# Box 4: Total value of out-of-scope supplies
# Box 5: Total value of taxable purchases
# Box 6: Output tax due
# Box 7: Input tax and refunds claimed
# Box 8: Net GST payable/refundable

# Odoo Tax Report → maps to GST F5 boxes
# Submit via IRAS myTax Portal

InvoiceNow (Peppol)

# Singapore adopting Peppol e-invoicing:
# Phase 1: Voluntary for businesses
# Phase 2: Mandatory (phased rollout)

# Peppol enables:
# - Standardized e-invoice format
# - Direct B2B invoice exchange
# - Automatic data entry (no manual keying)
# - Cross-border interoperability

# Odoo + Peppol via community modules or Access Point providers

CPF (Central Provident Fund)

# Employer must contribute to employee CPF:
# Employee age ≤55: 17% employer + 20% employee = 37% total
# Employee age 56-60: 13% + 13% = 26%
# Employee age 61-65: 9% + 7.5% = 16.5%

# CPF allocated to:
# Ordinary Account (OA): housing, education, investment
# Special Account (SA): retirement
# Medisave Account (MA): healthcare

# Configure in Odoo Payroll:
# CPF contribution rules per age bracket
# Monthly CPF submission to CPF Board

DeployMonkey for Singapore

Deploy Odoo for your Singaporean business on DeployMonkey with servers in Singapore (Vultr, AWS AP-Southeast). The AI agent configures 9% GST, IRAS reporting, and CPF payroll.