Course Detail(TAX191v : Understanding the GST treatment for Recovery of Expenses (Live Webinar))

SkillsFuture Credit, UTAP Funding

TAX191v : Understanding the GST treatment for Recovery of Expenses (Live Webinar)

7.00 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

This workshop aims to provide participants with a better understanding on the following:-
a.Understanding the differences between reimbursement and disbursement for GST purposes
b.GST rules for recovery of expenses (i.e. recharge or rebilling of expenses)

Programme Outline

  • Difference between reimbursement and disbursement
  • Are you acting as a principal or an agent ?
  • Indicators for determining the principal or agent relationship
  • Recovery of expenses which is ancillary to a primary supply
  • Recovery of expenses which is separate and not ancillary to any primary supply
  • Recovery of expenses at costs or with a mark-up – is there a difference?


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

Intermediate to Advanced course for : Accounting and Tax Professionals, Finance Managers, Finance Directors, Financial Controllers.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

03 Mar 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 276.49
For Non-Members: $ 332.13

Programme Facilitator(s)

Catherine Chiang

Venue

Online Classroom in or outside of
Singapore

Date & Time

14 Jun 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 276.49
For Non-Members: $ 332.13

Programme Facilitator(s)

Catherine Chiang

Venue

Online Classroom in or outside of
Singapore

Date & Time

09 Oct 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 276.49
For Non-Members: $ 332.13

Programme Facilitator(s)

Catherine Chiang

Venue

Online Classroom in or outside of
Singapore

Testimonial


Trainer was very experienced and helped us understand how to treat GST in various scenarios

Past Participant


The contents of these courses are very practical and useful for the person in charge who is preparing and submitting GST for the organizations they work for.

Past Participant


The course helps me a lot with understanding the concepts that can be confusing and elaborate. Recommended to attend.

Past Participant

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 27 Jun 2023
Course Reference Number: TGS-2020502859

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees. 

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (For more information on the SFC scheme, please visit www.myskillsfuture.gov.sg)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 

Funding Period: Until 27 Jun 2023
Funded Hours: 7 hours
Course Reference Number: TGS-2020502859

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     

 

For course run start date before 1 Nov 2020, submit training grant application in SCN until 30 Nov 2020.

For course run start date on or after 1 Nov 2020, Enterprises/employers are NOT required to log into TPGateway/SCN to submit training grant.

Remarks

Step 2: After receiving email that the programme status is confirmed, please proceed to submit the Training Grant application via SkillsConnect Portal (https://www.skillsconnect.gov.sg/).

Employers of company-sponsored participants must submit training grant via SkillsConnect to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date.

The employee’s enrolment, attendance and assessment recordswill be submitted by ISCA onto TPGateway.


Please note that there will be an administrative fee of $42.80 for any revision of invoice.

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

3] 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.
 
To find more on the UTAP support validity period please click
 here.
 
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.

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

Programme Facilitator(s)


Catherine Chiang
CA (Singapore), 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 a member of the Institute of Singapore Chartered Accountants. Catherine is also 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

This workshop aims to provide participants with a better understanding on the following:-
a.Understanding the differences between reimbursement and disbursement for GST purposes
b.GST rules for recovery of expenses (i.e. recharge or rebilling of expenses)

Programme Outline

  • Difference between reimbursement and disbursement
  • Are you acting as a principal or an agent ?
  • Indicators for determining the principal or agent relationship
  • Recovery of expenses which is ancillary to a primary supply
  • Recovery of expenses which is separate and not ancillary to any primary supply
  • Recovery of expenses at costs or with a mark-up – is there a difference?


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

Intermediate to Advanced course for : Accounting and Tax Professionals, Finance Managers, Finance Directors, Financial Controllers.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Catherine Chiang
CA (Singapore), 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 a member of the Institute of Singapore Chartered Accountants. Catherine is also an Advanced Certificate in Training and Assessment (ACTA) certified Trainer.

Upcoming Schedule

Date & Time

03 Mar 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 276.49
For Non-Members: $ 332.13

Programme Facilitator(s)

Catherine Chiang

Venue

Online Classroom in or outside of
Singapore