Course Detail(TAX227v : GST on Imported Services (Live Webinar))
Not Available

UTAP Funding

TAX227v : GST on Imported Services (Live Webinar)

3.50 CPE Hours (Others)
Live Webinar

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective
 

With effect from 1 January 2020, imported services will be subjected to GST with in the following regimes: 

  1. Business-to-business (“B2B”) imported services will be taxed by way of a reverse charge mechanism.
  2. Business-to-customers (“B2C”) imported digital services will be taxed through the overseas vendor registration model. Overseas suppliers may need to register for GST and account for GST on the supply of imported digital services. 

From 1 January 2023, B2C imported services and low-value goods imported via air or by post will also be subjected to GST. 

This workshop aims to provide participants with an understanding of the following:-

  • Reverse Charge mechanism and compliance requirements 
  • Features of the overseas vendor registration regime

Programme Outline

  • Taxing Imported Services by way of an Overseas Vendor Registration Regime
    • Business-to-Consumer (B2C) supplies
    • Definition of Low-Value Goods (LVG)
    • Scope of digital services and remote services
    • When is an operator of electronic marketplace regarded as the supplier?
    • GST registration requirements for overseas suppliers and overseas electronic marketplace operator
  • Taxing Imported Services by way of Reverse Charge
    • Reverse Charge mechanism
    • Persons who would be subjected to reverse charge
    • Scope of imported services / Imported LVG
    • GST treatment / Accounting for GST
    • Reporting requirements 

 

Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

 

Training Methodology
 
Lecture style, with Case Studies and Examples

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Finance and tax professionals who are involved in GST compliance work; Business owner and senior management who like to understand and assess the impact of new GST rule on their businesses.

Competency Mapping

Others = 3.50 Hours

Schedule & Fees
Date & Time

12 Jul 2024 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 183.12
For Non-Members: $ 218.00

Programme Facilitator(s)

Catherine Chiang

Venue

Online Classroom in or outside of
Singapore
Date & Time

01 Nov 2024 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 220.18
For Non-Members: $ 261.60

Programme Facilitator(s)

Catherine Chiang

Venue

Online Classroom in or outside of
Singapore

Testimonial


The course is a good overview the the tax on imported services and the changes to come. The half day course is bite sized and just right as an introduction to the key matters relating to the subject matter.

Past Participant


Trainer has provided clear and detailed notes. She covers various scenarios practical for day-to-day GST accounting.

Past Participant

Funding

1] NTUC Union Training Assistance Programme (UTAP)

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 2025.

*Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This excludes material fees, registration fees, misc. fees etc.

This course is approved for UTAP support for intakes conducted between 08 February 2024 – 31 March 2025.

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.

For more information on UTAP Funding and to submit for UTAP claims, please visit https://www.ntuc.org.sg/uportal/programmes/union-training-assistance-programme. Terms and conditions apply.

Programme Facilitator(s)


Catherine Chiang
 ATA (GST), BAcc (Hons)
 
 Catherine has more than 20 years of experience in GST consultancy, with more than 10 years of training experience. She has previously spent 6 years in IRAS, handling GST and Income Tax audit and almost 10 years with 2 of the Big Four international accounting firms, specializing in GST compliance and advisory work. During this period, she has accumulated extensive experience in performing GST prudential reviews, GST consultancy, GST compliance and GST training for clients.

Catherine has a Bachelor of Accountancy (Honours) degree from the National University of Singapore. She is an Accredited Tax Advisor (GST) registered with the Singapore Chartered Tax Professionals and an Advanced Certificate in Training and Assessment (ACTA) certified Trainer.

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective
 

With effect from 1 January 2020, imported services will be subjected to GST with in the following regimes: 

  1. Business-to-business (“B2B”) imported services will be taxed by way of a reverse charge mechanism.
  2. Business-to-customers (“B2C”) imported digital services will be taxed through the overseas vendor registration model. Overseas suppliers may need to register for GST and account for GST on the supply of imported digital services. 

From 1 January 2023, B2C imported services and low-value goods imported via air or by post will also be subjected to GST. 

This workshop aims to provide participants with an understanding of the following:-

  • Reverse Charge mechanism and compliance requirements 
  • Features of the overseas vendor registration regime

Programme Outline

  • Taxing Imported Services by way of an Overseas Vendor Registration Regime
    • Business-to-Consumer (B2C) supplies
    • Definition of Low-Value Goods (LVG)
    • Scope of digital services and remote services
    • When is an operator of electronic marketplace regarded as the supplier?
    • GST registration requirements for overseas suppliers and overseas electronic marketplace operator
  • Taxing Imported Services by way of Reverse Charge
    • Reverse Charge mechanism
    • Persons who would be subjected to reverse charge
    • Scope of imported services / Imported LVG
    • GST treatment / Accounting for GST
    • Reporting requirements 

 

Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

 

Training Methodology
 
Lecture style, with Case Studies and Examples

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Finance and tax professionals who are involved in GST compliance work; Business owner and senior management who like to understand and assess the impact of new GST rule on their businesses.

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Catherine Chiang
 ATA (GST), BAcc (Hons)
 
 Catherine has more than 20 years of experience in GST consultancy, with more than 10 years of training experience. She has previously spent 6 years in IRAS, handling GST and Income Tax audit and almost 10 years with 2 of the Big Four international accounting firms, specializing in GST compliance and advisory work. During this period, she has accumulated extensive experience in performing GST prudential reviews, GST consultancy, GST compliance and GST training for clients.

Catherine has a Bachelor of Accountancy (Honours) degree from the National University of Singapore. She is an Accredited Tax Advisor (GST) registered with the Singapore Chartered Tax Professionals and an Advanced Certificate in Training and Assessment (ACTA) certified Trainer.

Upcoming Schedule

Date & Time

12 Jul 2024 (9:00 AM - 12:30 PM)
Fee (inclusive of GST)

For Members: $ 183.12
For Non-Members: $ 218.00

Programme Facilitator(s)

Catherine Chiang

Venue

Online Classroom in or outside of
Singapore


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