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Tax & Compliance Guides
Understand tax compliance. Stay ahead of changing requirements.
Tax and statutory compliance is becoming increasingly digital, automated, and connected to the systems businesses use every day.
Our Tax & Compliance Guides explain key requirements in plain language — from GST and VAT to audit trails, due date management, and country-specific compliance in Singapore, Malaysia, India, and Nepal.
Start with Compliance Basics
What Is Tax & Statutory Compliance?
Tax and statutory compliance means meeting the financial, tax, reporting, and regulatory obligations that apply to your business.
Depending on where you operate, these can include GST, VAT, withholding taxes, statutory contributions, electronic invoicing, filing deadlines, and record-keeping requirements.
In this guide:
- What tax compliance means
- Tax vs statutory compliance
- Common business compliance requirements
- How ERP software supports compliance
- Why connected financial records matter
How Can ERP Software Help with Compliance?
ERP connects the transactions happening across your business with the financial records and controls needed to manage compliance.
ERP can also provide controls such as user-level access, maker-checker approvals, audit trails, and supporting documents.
- Business Transaction
- Accounting
- Tax
- Compliance
- Reporting
What Is an Audit Trail?
An audit trail provides a record of activity within a financial system, helping businesses understand what happened and trace information back to its source.
Financial Statement→Transaction→Voucher→User→Supporting Document
This gives management and accounting teams greater transparency over the numbers inside the ERP.
What Is Maker-Checker?
Maker-checker is a financial control where one person creates or enters a transaction and another authorized person reviews or approves it.
Maker→Checker→Approval→Audit Trail
Separating creation from approval can help businesses strengthen internal controls and accountability.
Tax & Compliance by Country
Singapore
Businesses operating in Singapore may need to manage requirements involving GST, IRAS, InvoiceNow, GST InvoiceNow, CPF, and other statutory obligations.
Explore Singapore guides:
- Singapore GST
- InvoiceNow & GST InvoiceNow
- Peppol and InvoiceNow
- IRAS Accounting Software
- GST InvoiceNow Implementation Timeline
- Singapore Payroll & CPF
Malaysia
Businesses in Malaysia need to manage requirements involving SST, HASiL, MyInvois, payroll contributions, and other statutory obligations.
Explore Malaysia guides:
- Malaysia SST
- Malaysia e-Invoice
- MyInvois
- MyInvois Implementation Timeline
- Malaysia Payroll Compliance
- EPF, SOCSO and EIS
India
India's business compliance environment includes GST, GST e-Invoicing, E-Way Bills, TDS, GSTR reconciliation, MSME requirements, and statutory payroll obligations.
Explore India guides:
- India GST
- GST E-Invoicing
- Auto E-Way Bill
- GSTR-2A and GSTR-2B Reconciliation
- TDS
- MSME Payables
- Payroll Statutory Compliance
Nepal
Businesses operating in Nepal may need to manage VAT, electronic billing, IRD requirements, payroll obligations, and other statutory requirements.
Explore Nepal guides:
- Nepal VAT
- Electronic Billing / e-Billing
- Nepal IRD Requirements
- Nepal Payroll Compliance
Managing Compliance Deadlines
What Is Due Date Management?
Compliance isn't only about calculating the right amount. Businesses also need to know what is due, when it is due, and who is responsible for it.
Due Date Management helps businesses track statutory and internal obligations, assign responsibility, and monitor deadlines.
With Compliance Monitor Guru, manage areas such as:
- GST, VAT and SST
- TDS and withholding tax
- CPF, EPF and PF
- Income tax
- Statutory audits
- Corporate filings
- Receivables
- Recurring operating expenses
- Employee renewals
- Internal company compliances
- Track
- Assign
- Escalate
- Monitor
- Complete
Compliance Is More Than Tax
Internal Controls Matter Too.
Strong financial governance isn't only about submitting tax returns.
Businesses also need control over who can access information, who can create transactions, who can approve them, and what was changed.
Together, these controls help businesses create stronger and more transparent financial processes.
Maker-Checker
Separate transaction creation from approval.
Audit Trails
Maintain visibility over activity within the ERP.
Connected Documents
Keep supporting documents connected to the transactions they relate to.
Due Date Management
Track responsibilities, deadlines, and escalations.
Preparing for Digital Compliance
Is Your Business Ready?
Tax authorities around the world are increasingly moving business compliance from periodic, manual processes toward more structured digital reporting.
Are our financial records connected?
Disconnected systems can create duplicate entry, reconciliation, and reporting problems.
Does our ERP support our local requirements?
Tax and statutory requirements differ significantly by country.
Can we trace our numbers back to their source?
Financial transparency becomes increasingly important as reporting becomes more digital.
Are compliance responsibilities clearly assigned?
Your team should know what is due, when it is due, and who is responsible.
Can our system adapt when regulations change?
Compliance requirements evolve. Your ERP needs to evolve with them.
Tax & Compliance Guides by Topic
-
Compliance Basics
- What Is Tax & Statutory Compliance?
- ERP and Tax Compliance
- What Is an Audit Trail?
- What Is Maker-Checker?
- Due Date Management
- Financial Controls in ERP
-
E-Invoicing
- What Is E-Invoicing?
- E-Invoice vs PDF Invoice
- E-Invoicing and ERP Software
- Singapore InvoiceNow
- Malaysia MyInvois
- India GST E-Invoicing
- Nepal Electronic Billing
-
Singapore
- GST
- InvoiceNow & GST InvoiceNow
- IRAS
- CPF
-
Malaysia
- SST
- MyInvois
- EPF
- SOCSO
- EIS
-
India
- GST
- GST E-Invoicing
- E-Way Bill
- GSTR-2A & GSTR-2B Reconciliation
- TDS
- MSME Payables
-
Nepal
- VAT
- Electronic Billing
- IRD Requirements
- Payroll Compliance
READY TO SEE FACT IN ACTION?
Compliance shouldn't sit outside your ERP.
FACT ERP.NG was built by accountants with financial controls, transparency, and statutory requirements at its core.
From tax and e-invoicing to audit trails, maker-checker controls, Document Vault, and Due Date Management, FACT helps keep compliance connected to the transactions and financial information behind it.
One ERP. Local compliance. Greater control.
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