https://dchua.com/tags/legal/ Recent content in legal on davidchua Hugo -- gohugo.io en-us Mon, 16 Jan 2012 00:00:00 +0000 https://dchua.com/posts/2012-01-16-handling-foreign-currency-exchanges-for-freelancers/ Mon, 16 Jan 2012 00:00:00 +0000 https://dchua.com/posts/2012-01-16-handling-foreign-currency-exchanges-for-freelancers/ As freelancers here in Singapore, we often have to purchase goods/services online which are often not priced in Singapore Dollars. So how then do we account for it in our yearly tax declaration to IRAS? According to the folks: These amounts [price] in Singapore dollars may be shown separately beside their respective amount in foreign currency on your tax invoice. In your GST return, you should report the amounts in Singapore dollars shown in your tax invoice for “value of standard-rated supplies” and “output tax due”.