Course Detail(TAX005 : Goods and Services Tax Workshop)

SkillsFuture Credit, UTAP Funding

TAX005 : Goods and Services Tax Workshop

7.00 CPE Hours (Others)
Classroom

Important:
Funding Period: Until 8 April 2020
If you wish to use your SFC to pay for partial/full ISCA course fee , please login to the SFC portal (http://www.skillsfuture.sg/credit) with your Singpasswithin 60 days before the course start date to submit a SFC Claim and obtain the necessary approval. For more information on SFC procedure, please click here.
 
Failure to submit claim application via SkillsFuture Portal and obtain necessary approval before the course start datewill result in topping up of the SFC indicated for use and an administrative fee of $42.80 to revise the invoice based on the amount of SFC you have indicated to use.
 
SDF Funding (Corporate Registration only)
To enroll participants with SDF Funding, please click here to download the manual form.
Online registration via ISCA Portal will not be eligible for SDF Funding.

 
Programme Objective

GST has already been implemented for more than 20 years now, and yet many GST traders are still making many mistakes. This workshop aims to provide participants with the basic knowledge on GST concepts as well as the rules and regulations in Singapore. It will also help them avoid potential pitfalls and appreciate the potential GST issues that will accompany almost every business transaction. The penalties for not getting GST right can be costly to businesses and hence should not be ignored.

Programme Outline

  • Overview of GST System and How It Works
  • Key Concepts of GST including Types, Place, Time & Value of Supplies
  • Transfer of Going Concern
  • Claiming Input Tax Credits, including pre-registration input tax and bad debts relief
  • Fringe Benefits
  • Importation of Goods – Major Exporter Scheme and Import GST Deferment Scheme
  • Exports and International Services
  • Accounting for GST
  • Interaction between income tax and GST
  • Registration & Record Keeping
  • Tax Receipts and Invoices
  • Completing GST Forms and Returns
  • Common GST errors made by business
  • Advance Ruling System
  • Offences and Penalties
  • GST Assisted Self-Help Kit (ASK)
  • GST Assisted Compliance Assurance Program (ACAP)
  • Voluntary Disclosure Program (VDP)
  • Recent GST Changes

Training Methodology

Lecture style, with Case Studies and Examples

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Junior tax professionals and accountants who are involved in GST compliance work; and Non-tax professionals who want to achieve a higher appreciation of corporate tax laws, regulations and practice.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

02 Oct 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Assoc Prof (Practice) Simon Poh

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

13 Jun 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof (Practice) Simon Poh

Date & Time

15 Feb 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof (Practice) Simon Poh

Date & Time

11 Oct 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof (Practice) Simon Poh

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 8 April 2020                    

Course Reference Number: CRS-N-0035497

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SkillsFuture credit may be accumulated to pay for skills related course fees. For more information on the SkillsFuture Credit scheme, please visit http://www.skillsfuture.sg/credit

If you wish to use your SFC to pay for partial/full ISCA course fee , please login to the SFC portal (http://www.skillsfuture.sg/credit) with your Singpasswithin 60 days before the course start date to submit a SFC Claim and obtain the necessary approval. For more information on SFC procedure, please click here.
 
Failure to submit claim application via SkillsFuture Portal and obtain necessary approval before the course start datewill result in topping up of the SFC indicated for use and an administrative fee of $42.80 to revise the invoice based on the amount of SFC you have indicated to use. Please note that there will be an admin fee of $42.80 for any wrong registration or revision of invoice.


2] SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (eligibility criteria apply).
 
To enroll participants with SDF Funding, please click here to download the manual form.
Incomplete registration form will not be processed.  Online registration via ISCA Portal will not be eligible for SDF Funding. Please note that there will be an admin fee of $42.80 for any wrong registration or revision of invoice.
 
Funding Period: Until 8 April 2020                    

Course Reference Number: CRS-N-0035497 
Funded Hours: 7 hours
 
Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).


3] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.


To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
 
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

 

Programme Facilitator(s)


Assoc Prof (Practice) Simon Poh
FCPA Singapore, ATA (Income Tax and GST), MSID, MBA


Simon Poh is currently Associate Professor (Practice) at the Accounting Department of the National University of Singapore (NUS) Business School. Previously, he was Associate Professor (Adjunct) from 1 January 2007 to 30 June 2014.

Outside the academia, Simon has been a distinguished tax professional both in Singapore and the region, with close to three decades of experience in tax compliance and tax advisory work in the areas of corporate tax, individual income tax and goods and services tax. This includes 9 years of experience with the Inland Revenue Authority of Singapore, 3 years with reputable regional multinational corporations and more than 16 years with top international accounting firms. His extensive experience includes goods and services tax advisory and risk management, international tax planning, transfer pricing, corporate restructuring, business acquisitions and mergers, expatriate tax planning, and advising clients on the tax implications of both inbound and outbound investments.

Simon graduated with a Bachelor of Accountancy Degree in 1985 followed by a Master of Business Administration (MBA) degree from NUS in 1993. He is a Fellow Chartered Accountant of the Institute of Singapore Chartered Accountants (ISCA) since 2004, a Full Member of the Singapore Institute of Directors since 2008, an Accredited Tax Advisor (Income Tax and GST) of the Singapore Institute of Accredited Tax Professionals (SIATP) since 2010 and an Honorary Member of the Financial Planning Association of Singapore since 2011. At SIATP, he is a Board Member and Chairman of both the SME Tax Committee and the Examinations Committee. Simon has also been acting as Examiner for tax modules offered in professional accountancy examinations since 2006.

Simon is the author of "Taxation in Singapore" which was published since 2008. Besides speaking at numerous external tax seminars and conducting regular tax workshops for professional bodies, he is also a regular contributor to the local and foreign media on current taxation issues.

Important:
Funding Period: Until 8 April 2020
If you wish to use your SFC to pay for partial/full ISCA course fee , please login to the SFC portal (http://www.skillsfuture.sg/credit) with your Singpasswithin 60 days before the course start date to submit a SFC Claim and obtain the necessary approval. For more information on SFC procedure, please click here.
 
Failure to submit claim application via SkillsFuture Portal and obtain necessary approval before the course start datewill result in topping up of the SFC indicated for use and an administrative fee of $42.80 to revise the invoice based on the amount of SFC you have indicated to use.
 
SDF Funding (Corporate Registration only)
To enroll participants with SDF Funding, please click here to download the manual form.
Online registration via ISCA Portal will not be eligible for SDF Funding.

 
Programme Objective

GST has already been implemented for more than 20 years now, and yet many GST traders are still making many mistakes. This workshop aims to provide participants with the basic knowledge on GST concepts as well as the rules and regulations in Singapore. It will also help them avoid potential pitfalls and appreciate the potential GST issues that will accompany almost every business transaction. The penalties for not getting GST right can be costly to businesses and hence should not be ignored.

Programme Outline

  • Overview of GST System and How It Works
  • Key Concepts of GST including Types, Place, Time & Value of Supplies
  • Transfer of Going Concern
  • Claiming Input Tax Credits, including pre-registration input tax and bad debts relief
  • Fringe Benefits
  • Importation of Goods – Major Exporter Scheme and Import GST Deferment Scheme
  • Exports and International Services
  • Accounting for GST
  • Interaction between income tax and GST
  • Registration & Record Keeping
  • Tax Receipts and Invoices
  • Completing GST Forms and Returns
  • Common GST errors made by business
  • Advance Ruling System
  • Offences and Penalties
  • GST Assisted Self-Help Kit (ASK)
  • GST Assisted Compliance Assurance Program (ACAP)
  • Voluntary Disclosure Program (VDP)
  • Recent GST Changes

Training Methodology

Lecture style, with Case Studies and Examples

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Junior tax professionals and accountants who are involved in GST compliance work; and Non-tax professionals who want to achieve a higher appreciation of corporate tax laws, regulations and practice.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Assoc Prof (Practice) Simon Poh
FCPA Singapore, ATA (Income Tax and GST), MSID, MBA


Simon Poh is currently Associate Professor (Practice) at the Accounting Department of the National University of Singapore (NUS) Business School. Previously, he was Associate Professor (Adjunct) from 1 January 2007 to 30 June 2014.

Outside the academia, Simon has been a distinguished tax professional both in Singapore and the region, with close to three decades of experience in tax compliance and tax advisory work in the areas of corporate tax, individual income tax and goods and services tax. This includes 9 years of experience with the Inland Revenue Authority of Singapore, 3 years with reputable regional multinational corporations and more than 16 years with top international accounting firms. His extensive experience includes goods and services tax advisory and risk management, international tax planning, transfer pricing, corporate restructuring, business acquisitions and mergers, expatriate tax planning, and advising clients on the tax implications of both inbound and outbound investments.

Simon graduated with a Bachelor of Accountancy Degree in 1985 followed by a Master of Business Administration (MBA) degree from NUS in 1993. He is a Fellow Chartered Accountant of the Institute of Singapore Chartered Accountants (ISCA) since 2004, a Full Member of the Singapore Institute of Directors since 2008, an Accredited Tax Advisor (Income Tax and GST) of the Singapore Institute of Accredited Tax Professionals (SIATP) since 2010 and an Honorary Member of the Financial Planning Association of Singapore since 2011. At SIATP, he is a Board Member and Chairman of both the SME Tax Committee and the Examinations Committee. Simon has also been acting as Examiner for tax modules offered in professional accountancy examinations since 2006.

Simon is the author of "Taxation in Singapore" which was published since 2008. Besides speaking at numerous external tax seminars and conducting regular tax workshops for professional bodies, he is also a regular contributor to the local and foreign media on current taxation issues.

Upcoming Schedule

Date & Time

02 Oct 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Assoc Prof (Practice) Simon Poh

Venue

60 Cecil Street
ISCA House
Singapore 049709