Course Detail(TAX055 : GST: Getting Started with ACAP in Preventing GST Pitfalls)

TAX055 : GST: Getting Started with ACAP in Preventing GST Pitfalls

3.50 CPE Hours (Others)
Classroom


This course is formerly known as GST:  Preventing GST Pitfalls through ACAP

Programme Objective

In its role in assisting GST-registered businesses to be GST Compliant voluntarily, IRAS, as a tax administration launched two assisted programmes for differing segments of the businesses - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP).
 
Apart from providing a suite of benefits and incentives, it also specifies, as a pre-requisite with effect from 1 Jan 2013, for applicants for some of the GST Schemes to perform either an Annual Review using ASK or to commit to participate in ACAP.


While ACAP has created an influx of demand amongst eligible businesses, it is not unreasonable to expect that the control features of ACAP would soon be the GST benchmark for compliance. This is specifically so for sizeable businesses where controls and processes are expected to safeguard GST revenue. To ensure that your business applies the right controls in the various operational processes, this half-a-day session aims to share with you the insights and tips of applying ACAP controls.
 
 

Programme Outline

 

  • The framework of ACAP Controls;
  • The Control Features and their respective alternates for controls at -
  • Entity level;
  • Transaction level; and
  • Report level
  • The Insights and tips in applying ACAP to self-manage GST risks. 


Training Methodology

Lecture style, with Case Studies and Examples


Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

CFO, Directors, CEOs, Partners, Sole proprietors, and senior accounting and tax professionals of any organization who like to broaden their perspective of the GST issues.

Competency Mapping

Others = 3.50 Hours

Schedule & Fees

Date & Time

10 Sep 2019 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Eng Li Ming

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

03 Dec 2019 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Eng Li Ming

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

11 Sep 2018 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Eng Li Ming

Date & Time

14 Sep 2017 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Eng Li Ming

Date & Time

20 Sep 2016 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Eng Li Ming

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Mrs Eng Li Ming
Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals (SIATP)
 
Li Ming is an Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals (SIATP). She customizes GST compliance review and training programmes for businesses, local CPA firms or foreign tax administrations. The customized programmes for tax administrations have benefited various local tax offices in China, Brunei-Ministry of Finance, Maldives Inland Revenue Authority, The Seychelles Tax Administration,  Royal Malaysian Customs Department (“RMCD’), some African countries and a GST office in one of the states in India.  Also, she conducts practical workshops (e.g., for Institute of Singapore Chartered Accountants) or structured training programmes (e.g., for Tax Academy) in the GST areas that she specializes.
 
Before 2012, Li Ming was a Tax Director of GST-Large Businesses Branch in the Inland Revenue Authority of Singapore (IRAS). She is one of the pioneers personally and actively engaged in preparing for Singapore’s “non-event” GST implementation.
In the last two decades, she made significant contributions to the GST administration, improving business friendliness and operational efficiency. These are reflected in resolving technical issues and dealing with GST rulings, initiating and implementing GST policy changes for the various sectors which range from manufacturing, real estate, telecommunications, logistics, and the financial industries.
 
On the compliance front, she was personally involved in the development of two compliance programmes specifically designed by IRAS to facilitate voluntary compliance - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP). Such programmes were successfully launched and have been well-received by GST-registered businesses. 

 


This course is formerly known as GST:  Preventing GST Pitfalls through ACAP

Programme Objective

In its role in assisting GST-registered businesses to be GST Compliant voluntarily, IRAS, as a tax administration launched two assisted programmes for differing segments of the businesses - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP).
 
Apart from providing a suite of benefits and incentives, it also specifies, as a pre-requisite with effect from 1 Jan 2013, for applicants for some of the GST Schemes to perform either an Annual Review using ASK or to commit to participate in ACAP.


While ACAP has created an influx of demand amongst eligible businesses, it is not unreasonable to expect that the control features of ACAP would soon be the GST benchmark for compliance. This is specifically so for sizeable businesses where controls and processes are expected to safeguard GST revenue. To ensure that your business applies the right controls in the various operational processes, this half-a-day session aims to share with you the insights and tips of applying ACAP controls.
 
 

Programme Outline

 

  • The framework of ACAP Controls;
  • The Control Features and their respective alternates for controls at -
  • Entity level;
  • Transaction level; and
  • Report level
  • The Insights and tips in applying ACAP to self-manage GST risks. 


Training Methodology

Lecture style, with Case Studies and Examples


Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

CFO, Directors, CEOs, Partners, Sole proprietors, and senior accounting and tax professionals of any organization who like to broaden their perspective of the GST issues.

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Mrs Eng Li Ming
Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals (SIATP)
 
Li Ming is an Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals (SIATP). She customizes GST compliance review and training programmes for businesses, local CPA firms or foreign tax administrations. The customized programmes for tax administrations have benefited various local tax offices in China, Brunei-Ministry of Finance, Maldives Inland Revenue Authority, The Seychelles Tax Administration,  Royal Malaysian Customs Department (“RMCD’), some African countries and a GST office in one of the states in India.  Also, she conducts practical workshops (e.g., for Institute of Singapore Chartered Accountants) or structured training programmes (e.g., for Tax Academy) in the GST areas that she specializes.
 
Before 2012, Li Ming was a Tax Director of GST-Large Businesses Branch in the Inland Revenue Authority of Singapore (IRAS). She is one of the pioneers personally and actively engaged in preparing for Singapore’s “non-event” GST implementation.
In the last two decades, she made significant contributions to the GST administration, improving business friendliness and operational efficiency. These are reflected in resolving technical issues and dealing with GST rulings, initiating and implementing GST policy changes for the various sectors which range from manufacturing, real estate, telecommunications, logistics, and the financial industries.
 
On the compliance front, she was personally involved in the development of two compliance programmes specifically designed by IRAS to facilitate voluntary compliance - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP). Such programmes were successfully launched and have been well-received by GST-registered businesses. 

 

Upcoming Schedule

Date & Time

10 Sep 2019 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Eng Li Ming

Venue

60 Cecil Street
ISCA House
Singapore 049709