Course Detail()

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:

Business-to-business (“B2B”) imported services will be taxed by way of a reverse charge mechanism.
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.

Schedule & Fees

Testimonial

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)