Taxation Management
Customisable templates which can be auto-filled from imported profit & loss statements. Includes ability to input notes, attachments and references to computation.
Instructions
This page helps you prepare "Solution Requirements" section in Vendor Management Portal and you will see the exact questions and flow.
🔴 Mandatory questions: Must answer "Yes" to continue
🟡 Preferred questions: Can answer either way and continue
Follow the question flow as indicated
Q1 🔴 Mandatory - Automated and Integrated Tax Calculation Process
Main Question: Does your solution automate and integrate tax calculation process across different components (i.e. income source, revenue deductions etc.)?
Tax Calculation Requirements: a. Automate calculations across modules and schedules whenever changes are made b. Provide standardised and consistent formatting for reports according to the Singapore Income Tax Act c. Update tax rules according to Singapore Income Tax Act and latest tax policies and incentives d. Generate required forms such as Form C and Form C-s for corporate income tax and Form B, IR8A, and IR21 for personal tax, or present the information in a similar format e. Automate error checking (e.g.ensure that maximum cap for each type of relief is not exceeded for personal tax) f. Allow data import from formats such as Excel into the software g. Allow export of tax reports to Excel, PDF reports h. Allow carry forward of data from one YA to another
🔴 Answer: ○ Yes [Next: Q2] ○ No [⚠️ Cannot Proceed]
Q2 🟡 Preferred - Tax Computation and Schedule Generation
Main Question: Does your solution also enable automation and integration of the following component?
Additional Automation Feature: a. Generate tax computation and schedules by uploading balance sheet and P&L
🟡 Answer: ○ Yes [Next: Q3] ○ No [Next: Q3]
Q3 🔴 Mandatory - Data Repository
Main Question: Does your solution allow storage of tax records with traceable results, allowing search results and forms to be saved in a central database for easy data retrieval?
🔴 Answer: ○ Yes [Next: Q4] ○ No [⚠️ Cannot Proceed]
Q4 🔴 Mandatory - ASR+
Main Question: Is your solution listed on IRAS Accounting Software Register Plus (ASR+)?
Important Notes: [1] Your company and solution are required to be registered with IRAS under the ASR+ framework. [2] For more information, please refer to IRAS ASR+ website for more details
Submission Requirements: Please provide screenshots of IRAS listing and name the file as "IRAS ASR Supporting.pdf". Submit this document in your submission.
Confirmation Requirement: Click "Yes" to confirm you have completed the instructions.
🔴 Answer: ○ Yes [Next: Q5] ○ No [⚠️ Cannot Proceed]
Upload Supporting Document Required: [File Upload]
Q5 🟡 Preferred - IRAS Bulk Filing
Main Question: Does your solution allow bulk filing to IRAS?
🟡 Answer: ○ Yes [Next: Q6] ○ No [Next: Q6]
Q6 🟡 Preferred - GST Preparation
Main Question: Does your solution come with a GST Preparation module that meets GST requirements that enables the firm to perform the following functions:
GST Module Requirements: a. Generate data for GST purposes b. Handle Reverse Charge Mechanism c. Manage Overseas Vendor Registration Regime d. Generate GST Registration Reminder e. Generate GST Filing Reminder f. Automate GST Automated Blocked Input Tax Claims g. Integrate with GST Form 5 and Form 7
🟡 Answer: ○ Yes [Next: Q7] ○ No [Next: Q7]
Q7 🟡 Preferred - AI Features
Main Question: Does your solution incorporate AI in your core features and functions?
🟡 Answer: ○ Yes [Next: Q8] ○ No [Next: Q9]
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Q8 🔴 Mandatory Follow-up - AI Features - Elaboration
This question appears only if you answered "Yes" to Q7
Main Question: Describe your AI feature and its benefits. Examples are:
AI Feature Examples: a. Generate output, identify items, or provide recommendations based on training models to improve decision-making b. Recognise text, images to shorten time taken for manual inputs of forms c. Others, please specify
Confirmation Requirement: Click "Yes" to confirm you have completed the instructions.
🔴 Answer: ○ Yes [Next: Q9] ○ No [⚠️ Cannot Proceed]
Text Elaboration Required: [Text Box for Description/Details]
Q9 🔴 Mandatory - Business Data Extraction
Main Question: Can your solution enable SMEs to efficiently extract business data in various discrete formats such as CSV, XLSX, XML, and TSV?
🔴 Answer: ○ Yes [Next: Q10] ○ No [⚠️ Cannot Proceed]
Q10 🟡 Preferred - Personal Data Collection
Main Question: Does your digital solution collect, use, disclose, process or dispose personal data?
🟡 Answer: ○ Yes [Next: Q11] ○ No [Next: Q13]
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Q11 🔴 Mandatory Follow-up - Personal Data Protection
This question appears only if you answered "Yes" to Q10
Main Question: Can your solution demonstrate compliance with the following Personal Data Protection requirements?
Compliance Requirements: Digital solutions that collect, use, disclose, process or dispose personal data should incorporate features that support the obligations under the Personal Data Protection Act (2020).
Mandatory Action: To comply with this requirement, you MUST complete the Personal Data Protection Requirements form at https://go.gov.sg/pdp.
🔴 Answer: ○ Yes [Next: Q12] ○ No [⚠️ Cannot Proceed]
Q12 🔴 Mandatory - Vulnerability Assessment/Penetration Testing (VA/PT)
Main Question: Has your solution undergone a comprehensive security vulnerability assessment/penetration testing (VA/PT) conducted by a qualified third-party within the last 12 months? The scope of the VA/PT must cover network security; application security; data protection measures and access control (if applicable); API security testing (if applicable); Cloud security configuration review (if applicable). Specifically, for web application security, the scope must cover minimally all OWASP Top 10 vulnerabilities.
Submission Requirements: Please submit the VA/PT report (dated maximum 1 year from the checklist submission date). The VA/PT Report must include Executive summary; Detailed findings and risk ratings; Remediation recommendations; Evidence of vulnerability fixes or mitigation plans; Testing methodology used; Scope of assessment; Assessor's qualifications and certifications.
Reseller Note: If you are the reseller of the solution, please obtain the VA/PT report from your product principal. SOC 2 Type II report can be accepted if the detailed technical vulnerability assessment results are part of the SOC2 Type II scope.
Qualified Third-Party Definition: [1] Qualified third-party refers to: CREST-certified companies [ https://www.crest-approved.org/members/] or companies with security professional with relevant CREST certifications; Security professionals with recognised certifications such as: Offensive Security Certified Professional (OSCP); EC-Council Certified Penetration Testing Professional (CPENT); GIAC Penetration Tester (GPEN); or other equivalent industry-recognised certifications.
Confirmation Requirement: Click "Yes" to confirm you have completed the instructions.
🔴 Answer: ○ Yes [Next: Q13] ○ No [⚠️ Cannot Proceed]
Date of Issue Required: [Date Field] Upload Supporting Document Required: [File Upload]
Q13 🟡 Preferred - Cybersecurity Compliance - Cyber Essentials Mark (CEM)
Main Question: Are you the Product Principal of the solution that you are submitting for pre-approval?
🟡 Answer: ○ Yes [Next: Q14] ○ No [Next: Q16]
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Q14 🟡 Preferred - CEM for Product Principal
This question appears only if you answered "Yes" to Q13
Main Question: Has your organisation achieved CSA Cyber Essentials for ICT Vendor Mark certification or equivalent recognised cybersecurity certifications (including but not limited to Cyber Trust Mark or ISO27001) that validate the implementation of appropriate security controls against common cyber threats in your organisation and the solution you are submitting for pre-approval?
Important Note: Vendors are encouraged to comply at application and are required to meet this requirement by the Annual Review, where it will be assessed as mandatory.
Reference: Note: For more information on Cyber Essentials mark, please refer to https://www.csa.gov.sg/cyber-essentials/
🟡 Answer: ○ Yes [Next: Q15] ○ No [Assessment Finished]
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Q15 🔴 Mandatory Follow-up - CEM for Product Principal - Elaboration
This question appears only if you answered "Yes" to Q14
Main Question: Please specify the following information:
Required Information: i. The certificate demonstrating your organisation has attained Cyber Essentials for ICT Vendors ii. The cybersecurity certification the organisation has met iii. The scope of the certification
Document Submission: Please also upload a copy of the Certification and indicate the Certification Issuance Date in the date field.
Confirmation Requirement: Click "Yes" to confirm you have completed the instructions.
🔴 Answer: ○ Yes [Assessment Finished] ○ No [⚠️ Cannot Proceed]
Text Elaboration Required: [Text Box for Description/Details]
Date of Issue Required: [Date Field]
Upload Supporting Document Required: [File Upload]
Q16 🟡 Preferred - CEM for Resellers
Main Question: Has your organisation achieved CSA Cyber Essentials Mark certification or equivalent recognised cybersecurity certifications (including but not limited to Cyber Trust Mark or ISO27001) that validate the implementation of appropriate security controls against common cyber threats in your organisation and the solution you are submitting for pre-approval?
Important Note: Vendors are encouraged to comply at application and are required to meet this requirement by the Annual Review, where it will be assessed as mandatory.
Reference: Note: For more information on Cyber Essentials mark, please refer to https://www.csa.gov.sg/cyber-essentials/
🟡 Answer: ○ Yes [Next: Q17] ○ No [Assessment Finished]
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Q17 🔴 Mandatory Follow-up - CEM for Resellers - Elaboration
This question appears only if you answered "Yes" to Q16
Main Question: Please specify the following information:
Required Information: i. The cybersecurity certification the organisation has met ii. The scope of the certification
Document Submission: Please also upload a copy of the Certification and indicate the Certification Issuance Date in the date field.
Confirmation Requirement: Click "Yes" to confirm you have completed the instructions.
🔴 Answer: ○ Yes [Assessment Finished] ○ No [⚠️ Cannot Proceed]
Text Elaboration Required: [Text Box for Description/Details]
Date of Issue Required: [Date Field]
Upload Supporting Document Required: [File Upload]
Preparing for submission?
Your submission should contain screenshots and write-ups that clearly demonstrate compliance with each mandatory requirement sub-point. Contact us if you need help.
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