Programme Objective
This is a refreshed course from TAX274 : GST in the Digital Economy.
Digitalization has changed our way of life. The supplies and demands for goods and services have digitalized into manifolds, especially post COVID-19. GST is no longer a domestic tax, and it has since progressed beyond the boundaries.
To close the tax gap resulting from taxing supplies under conventional business models, the GST rules have been globalized in the digital economy. Further, to level the playing field between domestic businesses and their overseas counterparts, Singapore has likewise adopted new international standards to protect the GST revenues.
A full-day session aims to give an overview of the GST taxing tools and taxing framework in areas specific to the digital economy: reverse charge, overseas vendor registration regime; digital tokens, digital payment tokens, cross-border digital and non-digital transactions (including low-value goods and remote services), through case studies. GST applications on cross-border transactions illustrated via case studies are deployed to explain the specific rules in advertising services, transport and travelling services, arrangement of financial services, insurance services, web-hosting services and international telecommunication and services.
Programme Outline
- GST Challenges faced in a digital economy.
- Definition of goods and services in the digital economy
- The Singapore GST Taxing Model in the digital economy
- Crypto assets and their respective GST treatment
- The taxing tools – Reverse Charge and Overseas Vendor Registration Regime
- Case studies on taxing cross- border transactions in the digital economy
- advertising services;
- transport and travelling services;
- financial services;
- insurance services;
- web-hosting services; and
- international telecommunication services.
On the completion of this course, you will:
- Appreciate the rationale in leveling the playing field
- Understand the GST taxing mechanism in the digital economy
- Grasp the characteristics of the specific products in the digital economy
- Comprehend the respective GST treatment of the specific industries in the digital economy
Training MethodologyLecture style, with Case Studies and Examples
Closing Date for Registration
1 week before programme or until full enrolment.
Intended For
CFOs, Directors, CEOs, Partners, Sole proprietors, and senior accounting and tax professionals of any organization have some basic knowledge about GST and like to upgrade their knowledge on the GST applications of some specific products in the digital economy.
Schedule & Fees
Testimonial
Good for professionals as well as personal knowledge as consumers are always dealing with remote services in digital economy. Dealing with partial input tax recovery for Stat boards etc
Past Participant from TAX274
Very patient and lively lecturer
Past Participant - 24 Apr 2024
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 06 November 2023 – 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)
Programme Objective
This is a refreshed course from TAX274 : GST in the Digital Economy.
Digitalization has changed our way of life. The supplies and demands for goods and services have digitalized into manifolds, especially post COVID-19. GST is no longer a domestic tax, and it has since progressed beyond the boundaries.
To close the tax gap resulting from taxing supplies under conventional business models, the GST rules have been globalized in the digital economy. Further, to level the playing field between domestic businesses and their overseas counterparts, Singapore has likewise adopted new international standards to protect the GST revenues.
A full-day session aims to give an overview of the GST taxing tools and taxing framework in areas specific to the digital economy: reverse charge, overseas vendor registration regime; digital tokens, digital payment tokens, cross-border digital and non-digital transactions (including low-value goods and remote services), through case studies. GST applications on cross-border transactions illustrated via case studies are deployed to explain the specific rules in advertising services, transport and travelling services, arrangement of financial services, insurance services, web-hosting services and international telecommunication and services.
Programme Outline
- GST Challenges faced in a digital economy.
- Definition of goods and services in the digital economy
- The Singapore GST Taxing Model in the digital economy
- Crypto assets and their respective GST treatment
- The taxing tools – Reverse Charge and Overseas Vendor Registration Regime
- Case studies on taxing cross- border transactions in the digital economy
- advertising services;
- transport and travelling services;
- financial services;
- insurance services;
- web-hosting services; and
- international telecommunication services.
On the completion of this course, you will:
- Appreciate the rationale in leveling the playing field
- Understand the GST taxing mechanism in the digital economy
- Grasp the characteristics of the specific products in the digital economy
- Comprehend the respective GST treatment of the specific industries in the digital economy
Training MethodologyLecture style, with Case Studies and Examples
Closing Date for Registration
1 week before programme or until full enrolment.
Intended For
CFOs, Directors, CEOs, Partners, Sole proprietors, and senior accounting and tax professionals of any organization have some basic knowledge about GST and like to upgrade their knowledge on the GST applications of some specific products in the digital economy.
Programme Facilitator(s)
