Jump to content
  • Sign Up

Service Charge 10% and GST7%


Eunji
 Share

Recommended Posts

In Singapore 
GST (7%) Only: Price x 1.07
Service Charge (10%) Only: Price x 1.10

Supposed to be
GST and Service Charge: Price x 1.177

For example, 
Meal costs you $100
You’ll first have to add a service charge of 10% raising the total to $110. 
The $110 is then taxed a GST of 7% adding another 7.70 to your total, leaving you with a bill of 117.70

But on loyverse system.
Meal costs you $100
Add a service charge of 10% raising the total to $110. 
$100 is taxed a GST of 7% adding another 7.00 to your total, leaving you with a bill of 117.00
 

Is there any way to change system? 

 

Link to comment
Share on other sites

  • 2 weeks later...

Hello. The Loyverse works like that and applies two added to the price taxes to the same amount. It is a common practice worldwide in calculating taxes. There is no way to customize such taxes calculation in Loyverse.

Link to comment
Share on other sites

  • 1 year later...
On 11/1/2020 at 6:14 PM, Andy said:

Hello. The Loyverse works like that and applies two added to the price taxes to the same amount. It is a common practice worldwide in calculating taxes. There is no way to customize such taxes calculation in Loyverse.

Hello back; common practice world wide but not SG. As the service charge is SUBJECT to GST 7%.

Link to comment
Share on other sites

2 hours ago, Andy said:

Hello. Is Sevice Charge a tax in Singapore? 

It is not; as explain it is common, lawful practise of HORECA in Singapore to apply 10% surcharge on top of goods and service. Thus, that 10% surcharge subject to Gov Tax

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

Loyverse Point of Sale

 

 

 

 

×
×
  • Create New...