Course Detail(TAX189 : Connecting GST with the Logistics Industry)

TAX189 : Connecting GST with the Logistics Industry

14.00 CPE Hours (Others)
Classroom

Programme Objective

GST businesses in the Logistics Industry have since been expanding their global network but may have overlooked GST, a tax regime with simple concept but complex in applications.
 
IRAS named in 2014, Logistics Industry as one of the compliance focus as generally, businesses in the industry consider almost all logistics services (such as transportation, handling and storage of goods) as zero-rated services for GST purposes.   
 
As part of a proactive and responsive business strategy, knowing the GST concept and applying it right are as crucial as expanding the global businesses. Further, as a GST-registered business, it is also expected to have put in place some measures to secure GST risks. To be aware of the GST risks specific to your industry and proactively manage them before a GST audit by IRAS is a best strategic option. 
 
In building the awareness and enhancing your company’s GST capabilities at operational level, our GST specialist will diagnose a GST framework best suited for the industry.

Programme Outline

Starting with the Simple Concept  
  • The GST Model
  • Recap of Basic GST Concept
  • Goods and Services
  • Disbursement and Reimbursement
  • Imports and Exports
  • GST Agent
  • GST Schemes applicable to the Logistics Industry
Applying the Simple Concept in the Complex Environment with Case Studies
(Specific Issues relating to Logistics Industry and the respective GST Implications)
  • Transportation Services
  • Handling Services
  • Storage Services
  • Mixture of Services
  • Mixture of Goods and Services
  • Sections 33(2) & 33A Agent 
  • Major Exporter Scheme
  • Import GST Deferment Scheme
  • Third-party Logistics Companies Scheme
Managing GST Risks with Due Care
(A framework to avoid GST pitfalls)
  • An Overview of the GST Controls
  • The Process and The Key Elements
  • The Key Issues and Their Respective Factors For Consideration
  • Operational Mapping of the Business Activities and the Respective GST coding


Training Methodology

Interactive workshop style. 


Closing Date for Registration

1 week before programme or until full enrolment.
 

Intended For

Executive and Management Level of staff in the logistic industry who like to broaden their perspective of the GST issues and to get it right in their daily GST applications.

Competency Mapping

Others = 14.00 Hours

Schedule & Fees

Date & Time

01 Aug 2018 (9:00 AM - 5:00 PM)
02 Aug 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Eng Li Ming

Date & Time

14 Sep 2016 (9:00 AM - 5:00 PM)
15 Sep 2016 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Eng Li Ming

Date & Time

14 Jun 2016 (9:00 AM - 5:00 PM)
15 Jun 2016 (9:00 AM - 5:00 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. 

 

Programme Objective

GST businesses in the Logistics Industry have since been expanding their global network but may have overlooked GST, a tax regime with simple concept but complex in applications.
 
IRAS named in 2014, Logistics Industry as one of the compliance focus as generally, businesses in the industry consider almost all logistics services (such as transportation, handling and storage of goods) as zero-rated services for GST purposes.   
 
As part of a proactive and responsive business strategy, knowing the GST concept and applying it right are as crucial as expanding the global businesses. Further, as a GST-registered business, it is also expected to have put in place some measures to secure GST risks. To be aware of the GST risks specific to your industry and proactively manage them before a GST audit by IRAS is a best strategic option. 
 
In building the awareness and enhancing your company’s GST capabilities at operational level, our GST specialist will diagnose a GST framework best suited for the industry.

Programme Outline

Starting with the Simple Concept  
  • The GST Model
  • Recap of Basic GST Concept
  • Goods and Services
  • Disbursement and Reimbursement
  • Imports and Exports
  • GST Agent
  • GST Schemes applicable to the Logistics Industry
Applying the Simple Concept in the Complex Environment with Case Studies
(Specific Issues relating to Logistics Industry and the respective GST Implications)
  • Transportation Services
  • Handling Services
  • Storage Services
  • Mixture of Services
  • Mixture of Goods and Services
  • Sections 33(2) & 33A Agent 
  • Major Exporter Scheme
  • Import GST Deferment Scheme
  • Third-party Logistics Companies Scheme
Managing GST Risks with Due Care
(A framework to avoid GST pitfalls)
  • An Overview of the GST Controls
  • The Process and The Key Elements
  • The Key Issues and Their Respective Factors For Consideration
  • Operational Mapping of the Business Activities and the Respective GST coding


Training Methodology

Interactive workshop style. 


Closing Date for Registration

1 week before programme or until full enrolment.
 

Intended For

Executive and Management Level of staff in the logistic industry who like to broaden their perspective of the GST issues and to get it right in their daily GST applications.

Competency Mapping

Others = 14.00 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

Registration is closed

Date & Time

01 Aug 2018 (9:00 AM - 5:00 PM)
02 Aug 2018 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 620.60
For Non-Members: $ 736.16

Programme Facilitator(s)

Eng Li Ming

Venue

60 Cecil Street
ISCA House
Singapore 049709