Course Detail(TAX055 : GST Assisted Compliance Assurance Programme (ACAP): Getting Started with ACAP in Preventing GST Pitfalls)

TAX055 : GST Assisted Compliance Assurance Programme (ACAP): 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
 

Since its official launch in Apr 2011, more than 500 businesses have attained the Assisted Compliance Assurance Programme (ACAP) status. Though the influx of demand amongst eligible businesses is over, IRAS has since identified and invited large businesses to opt and participate in ACAP. The control features of ACAP have been the GST benchmark for compliance amongst businesses having complex structures and business models with voluminous transactions and placing tax risk management as part of their corporate governance.

This half-a-day session aims to share with you the insights and tips of getting ready should your business be invited to participate in ACAP with no option. This may be highly possible if you are applying or seeking renewal of some specific GST schemes.

Programme Outline

 

  • The process of ACAP
  • The control framework of ACAP
  • The control features at
  • Entity level;
  • Transaction (Sales and Purchases) level; and
  • Report level
  • The Insights and tips in preparing your ACAP readiness

On the completion of this course, you will: 

  • Understand the ACAP processes and requirements
  • Grasp the ACAP control framework
  • Comprehend the importance of building the proper controls in the various operational processes
  • Appreciate the sustainable benefits of prepareing for ACAP readiness


Training Methodology

Lecture style, with Case Studies and Examples


Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

An Intermediate Level Programme.

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 concerning ACAP

Competency Mapping

Others = 3.50 Hours

Schedule & Fees

Date & Time

06 Dec 2021 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Eng Li Ming

Date & Time

23 Sep 2021 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Eng Li Ming

Date & Time

07 Dec 2020 (9:00 AM - 12:30 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 Chartered Tax Professionals (SCTP)
 
Li Ming is an Accredited Tax Advisor (GST) of The Singapore Chartered Tax Professionals (SCTP). She customizes GST compliance review and offers consultancy services for businesses, local CPA firms and foreign tax administrations. The personalized programmes for tax administrations have benefited various tax offices in China, Brunei-Ministry of Finance, Maldives Inland Revenue Authority, The Seychelles Tax Administration,  Royal Malaysian Customs Department (“RMCD’), some African countries, Oman-Customs, and 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 in.
 
Before 2012, Li Ming was a Tax Director 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 contributed significantly 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, including manufacturing, real estate, telecommunications, logistics, and the financial industries.
 
On the compliance front, she was personally involved in developing two compliance programmes designed explicitly 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
 

Since its official launch in Apr 2011, more than 500 businesses have attained the Assisted Compliance Assurance Programme (ACAP) status. Though the influx of demand amongst eligible businesses is over, IRAS has since identified and invited large businesses to opt and participate in ACAP. The control features of ACAP have been the GST benchmark for compliance amongst businesses having complex structures and business models with voluminous transactions and placing tax risk management as part of their corporate governance.

This half-a-day session aims to share with you the insights and tips of getting ready should your business be invited to participate in ACAP with no option. This may be highly possible if you are applying or seeking renewal of some specific GST schemes.

Programme Outline

 

  • The process of ACAP
  • The control framework of ACAP
  • The control features at
  • Entity level;
  • Transaction (Sales and Purchases) level; and
  • Report level
  • The Insights and tips in preparing your ACAP readiness

On the completion of this course, you will: 

  • Understand the ACAP processes and requirements
  • Grasp the ACAP control framework
  • Comprehend the importance of building the proper controls in the various operational processes
  • Appreciate the sustainable benefits of prepareing for ACAP readiness


Training Methodology

Lecture style, with Case Studies and Examples


Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

An Intermediate Level Programme.

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 concerning ACAP

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Mrs Eng Li Ming
Accredited Tax Advisor (GST) of The Singapore Chartered Tax Professionals (SCTP)
 
Li Ming is an Accredited Tax Advisor (GST) of The Singapore Chartered Tax Professionals (SCTP). She customizes GST compliance review and offers consultancy services for businesses, local CPA firms and foreign tax administrations. The personalized programmes for tax administrations have benefited various tax offices in China, Brunei-Ministry of Finance, Maldives Inland Revenue Authority, The Seychelles Tax Administration,  Royal Malaysian Customs Department (“RMCD’), some African countries, Oman-Customs, and 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 in.
 
Before 2012, Li Ming was a Tax Director 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 contributed significantly 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, including manufacturing, real estate, telecommunications, logistics, and the financial industries.
 
On the compliance front, she was personally involved in developing two compliance programmes designed explicitly 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

06 Dec 2021 (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