UTAP Funding
Programme Objective 2019 marks the 25th year of GST implementation in Singapore. Being a newly GST-registered business, you certainly wish to have smooth sailing throughout your GST journey. Even if you have started your GST journey for years, there are compliance risks that you might have overlooked. Not being selected for GST audit in the past is not an endorsement of your GST compliance. Digitalisation will enable tax administrations to deliver efficient and effective services to the taxpayers through online services. By leveraging on advanced technology, tax authorities have enhanced their capabilities to validate compliance in manifolds. This aims to influence taxpayers’ behaviour, from unaware or negligent to be compliant of the tax rules. With the launch of Smart Nation in 2014, Singapore is transforming through technology. It is no doubt that IRAS will embark on a fast track digitalisation, heading towards the direction of e-Compliance. The “privilege” of “free from GST audit” would no longer be enjoyed by many GST businesses that they used to. Against this background, and in the light of IRAS’s pull and push approach for businesses to self-manage GST risks, you should at least be aware of how to better prepare and defend yourselves with adequate knowledge to stay ahead of this situation. This practical workshop aims to provide useful pointers with case studies to enhance the competencies of both businesses and tax professionals in performing the respective roles in the areas of technical applications as well as compliance review.
Managing compliance risks arise from incorrect GST applications in the area of:Registration Business, Persons and Supply Removal and Exports Domestic and International ServicesRelief and ExemptionOutput Tax and Input TaxObligations and EntitlementsTax Planning and Tax Avoidance A working model along the value chain to secure GST risks Re-alignment of structure Deployment of applicable tools Setting up documentation, review, and monitoring processes embedded with controls Training MethodologyLecture style, with Case Studies and Examples Closing Date for Registration1 week before programme or until full enrolment
Managing compliance risks arise from incorrect GST applications in the area of:
A working model along the value chain to secure GST risks
Training MethodologyLecture style, with Case Studies and Examples Closing Date for Registration1 week before programme or until full enrolment
An Intermediate to Advanced level programme suitable for:Accounting, Finance and Tax professionals who like to learn the techniques to self-manage GST risks.ATP (GST) or ATA (GST) who want to enhance competencies in the areas of technical applications as well as compliance review.Participants are assumed to have equipped with a basic understanding of the GST concepts.
An Intermediate to Advanced level programme suitable for:
Participants are assumed to have equipped with a basic understanding of the GST concepts.
1] NTUC Union Training Assistance Programme (UTAP)UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.
NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022. *This excludes miscellaneous fees such as GST and registration fee etc. This course is approved for UTAP support for intakes conducted between 01 April 2021 – 31 March 2022. As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.
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
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