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Community Contributor *

Set Multiple Taxes

Good Day,

 

I'm a licensed freelance in both country for UAE (VAT) and Singapore (GST).

Will i able to set both VAT & GST for invoices and to track my taxes for both country.

 

Hope to hear good news!

 

Thank you

Solved
Best answer 09-28-2019

Accepted Solutions
Anonymous
Not applicable

Re: Set Multiple Taxes

Thanks for visiting us today, @Tynura,

 

Since you're using QuickBooks Online for Singapore and United Arab Emirates, a default set of GST/VAT codes are created for you automatically. To turn on this option, follow the steps below:

 

  1. Go to the Tax menu, and select Set up tax.
    tax.PNG
  2. Set up the tax agency details such as the name of your tax agency, any official tax number that has been assigned to your company, your reporting method, how often you file your tax to your tax agency, and whether this tax is meant for sales or purchases, etc.... 
  3. Hit Next, then Done.

Once done, you'll see the Tax Centre and a Tax/GST column on your sales and purchase forms.
tax1.PNG

 

If you want to add a group tax, here are the steps:

 

  1. In the Tax Centre, click Add Tax.
    tax2.PNG
  2. Click on Group Rate.
  3. Enter the Tax Code and Description.
  4. Select the Tax Rate and where it applies to Net, Tax or both.
  5. Click Save.
    tax3.PNG

Please check this article for further guidanceHow do I set up sales GST/VAT rates and use them on forms? (International QBO)

 

If you have any questions, please let me know in the comment section. I'll be glad to help. Have a fantastic day!

View solution in original post

6 Comments
QuickBooks Team

Re: Set Multiple Taxes

It’s nice to see you in QuickBooks Community, @Tynura.


Tracking taxes for UAE and Singapore using Desktop for Mac is currently unavailable. This QBDT only supports US-based companies catering customers within the country. 


You may need to purchase two different QBO International plans to collect taxes using VAT and GST. Visit these links to know the updated pricing and features:

Please know that you can count on me, so post in the Community again if you have additional questions. I’m right here willing to help. Take care!
 

Community Contributor *

Re: Set Multiple Taxes

my apologies, i think i chosen my label wrongly as i'm using Quickbook online.

My freelance licensed for both country has the same registered name and email. Do i need still need to open another account?

 

Thank you for guiding me!

Community Contributor *

Re: Set Multiple Taxes

Thanks for the reply.

 

Apologise for the inconveniences. I'm currently using online quickbook.

Both my freelance license are all registered under same company name and work email etc...

Do i still need to have 2 quickbook online accounts? no other alternative way to work in same account?

 

 

thanks for the guidance.

Anonymous
Not applicable

Re: Set Multiple Taxes

Thanks for visiting us today, @Tynura,

 

Since you're using QuickBooks Online for Singapore and United Arab Emirates, a default set of GST/VAT codes are created for you automatically. To turn on this option, follow the steps below:

 

  1. Go to the Tax menu, and select Set up tax.
    tax.PNG
  2. Set up the tax agency details such as the name of your tax agency, any official tax number that has been assigned to your company, your reporting method, how often you file your tax to your tax agency, and whether this tax is meant for sales or purchases, etc.... 
  3. Hit Next, then Done.

Once done, you'll see the Tax Centre and a Tax/GST column on your sales and purchase forms.
tax1.PNG

 

If you want to add a group tax, here are the steps:

 

  1. In the Tax Centre, click Add Tax.
    tax2.PNG
  2. Click on Group Rate.
  3. Enter the Tax Code and Description.
  4. Select the Tax Rate and where it applies to Net, Tax or both.
  5. Click Save.
    tax3.PNG

Please check this article for further guidanceHow do I set up sales GST/VAT rates and use them on forms? (International QBO)

 

If you have any questions, please let me know in the comment section. I'll be glad to help. Have a fantastic day!

View solution in original post

Community Contributor *

Re: Set Multiple Taxes

Last question! can i make 2 different taxes from different countries under same account?

QuickBooks Team

Re: Set Multiple Taxes

Good day, Tynura.

 

If you have separate subscriptions for Singapore and United Arab Emirates, then posting taxes to a single account is unavailable.

 

But if you're using the multicurrency feature, you can add a custom tax for the other state. Before doing so, please consult with your tax adviser to make sure your financial reports are accurate at year end.

 

Here's how to add a custom tax:

  1. On the left panel, click Taxes.
  2. Select Add tax located in the upper right corner.
  3. Click Custom tax, and enter the tax information.
  4. Click Save.

I'm also adding these articles for more information:

Please let us know if you have any additional questions or other concerns. Thanks.

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