Document background
The Simple Receipt Form is a fundamental business document used to provide formal acknowledgment of payments received. Under Singapore law, this document serves multiple purposes including proof of transaction, tax documentation, and financial record-keeping. The form typically includes the transaction date, amount received, purpose of payment, and details of both parties involved. It must comply with Singapore's regulatory requirements, including the Electronic Transactions Act for digital receipts and the GST Act where applicable. The Simple Receipt Form is particularly important for businesses maintaining accurate financial records and for customers requiring proof of payment.
