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
In this module, we will debate the simplicity of the Singapore GST system. If you believe GST is easy, why did IRAS launch the Assisted Compliance Programme (“ACAP”) and the Assisted Self-Help Kit (“ASK”) in 2011? Why were they several major amendments to our GST legislation and regulations in the past few years? If you think you can ask IRAS for a waiver of penalty for non-compliance with the GST law because this is your first offence, think again.
In this module, participants will have the opportunity to grasp a deeper understanding of the various key GST concepts so that they are able to immediately apply what they learn in their workplace. Some participants had taken immediate action to relook their GST transactions after attending the workshop and consider voluntary disclosures, where appropriate.
As GST issues can be dynamic, participants will learn a step-by-step approach from the workshop facilitator and be introduced a proven work template to enable them to analyse different kinds of GST issues. Feedback from the past participants is that they were able to apply this work template to analyse their companies’ GST issues very quickly.
As this is an advanced GST workshop, participants will be assumed to have equipped with a basic understanding of the GST concepts.
Programme Outline
Review and summarise recent IRAS’ prosecution on GST matters
Describe GST and identify the sources of GST law in Singapore
Illustrate common pitfalls of GST registration
Differentiate goods from services for GST purposes
Clarify the place of supply rules for GST purposes
List the various types of taxable supplies and explain common myths about zero-rating provision for GST purposes
Explain common pitfalls of accounting for import GST and illustrate different schemes to provide import GST suspension
Clarify the rules regarding input tax claim for GST purposes
Investigate GST issues on mergers & acquisition transactions
Review certain special GST topics based on facilitator’s proposal and participants’ request
Evaluate the pros and cons of applying advanced tax ruling from IRAS
Explore the management of GST disputes and audit
Explore the ramifications of the voluntary disclosure regime
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
Group-based learning with Case Studies and Examples
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
An Intermediate to Advanced level programme intended for: • Senior Tax Consultants, Managers and Senior Managers in International CA firms who are involved in tax advisory work; • Tax Associates from all levels in law firms who are involved in tax advisory work; • In-house Tax Directors and Managers, Chief Financial Officers, or Financial Controllers who are involved in making key tax decisions for their companies; • Public Practitioners from local CA firms who provide their clients with tax compliance and tax advisory services; • Independent advisors who provide their clients with tax advisory services; and • Non-tax professionals who aspire to achieve a more in-depth understanding of the GST legislation and related regulations are welcome to attend.
Schedule & Fees
Testimonial
This programme was well delivered with live examples, clear and concise notes. It is a very engaging programme and trainer is knowledgeable on the GST issues and regulations
Past Participant
The course provided me with an in-depth knowledge of GST and supplemented my previously acquired
knowledge.
Past Participant
One of the best trainer of CPD course I have come across, Interpretation very clear and thanks for sharing so much real life cases with us. Excellent and definitely will participate in other CPD courses conducted by Jack, if any.
Past Participant
The active interaction between speaker and participants are encouraging and make me stay alert throughout the course. The trainer is knowledgeable, provide insightful information, explain the complicated scenarios using templates or real-life examples which make it much clearer and easier for me to understand. This is one of the best online courses I have attended. I strongly recommend this course to others.
Past Participant
Funding
No funding Available!
Programme Facilitator(s)
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
In this module, we will debate the simplicity of the Singapore GST system. If you believe GST is easy, why did IRAS launch the Assisted Compliance Programme (“ACAP”) and the Assisted Self-Help Kit (“ASK”) in 2011? Why were they several major amendments to our GST legislation and regulations in the past few years? If you think you can ask IRAS for a waiver of penalty for non-compliance with the GST law because this is your first offence, think again.
In this module, participants will have the opportunity to grasp a deeper understanding of the various key GST concepts so that they are able to immediately apply what they learn in their workplace. Some participants had taken immediate action to relook their GST transactions after attending the workshop and consider voluntary disclosures, where appropriate.
As GST issues can be dynamic, participants will learn a step-by-step approach from the workshop facilitator and be introduced a proven work template to enable them to analyse different kinds of GST issues. Feedback from the past participants is that they were able to apply this work template to analyse their companies’ GST issues very quickly.
As this is an advanced GST workshop, participants will be assumed to have equipped with a basic understanding of the GST concepts.
Programme Outline
Review and summarise recent IRAS’ prosecution on GST matters
Describe GST and identify the sources of GST law in Singapore
Illustrate common pitfalls of GST registration
Differentiate goods from services for GST purposes
Clarify the place of supply rules for GST purposes
List the various types of taxable supplies and explain common myths about zero-rating provision for GST purposes
Explain common pitfalls of accounting for import GST and illustrate different schemes to provide import GST suspension
Clarify the rules regarding input tax claim for GST purposes
Investigate GST issues on mergers & acquisition transactions
Review certain special GST topics based on facilitator’s proposal and participants’ request
Evaluate the pros and cons of applying advanced tax ruling from IRAS
Explore the management of GST disputes and audit
Explore the ramifications of the voluntary disclosure regime
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
Group-based learning with Case Studies and Examples
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
An Intermediate to Advanced level programme intended for: • Senior Tax Consultants, Managers and Senior Managers in International CA firms who are involved in tax advisory work; • Tax Associates from all levels in law firms who are involved in tax advisory work; • In-house Tax Directors and Managers, Chief Financial Officers, or Financial Controllers who are involved in making key tax decisions for their companies; • Public Practitioners from local CA firms who provide their clients with tax compliance and tax advisory services; • Independent advisors who provide their clients with tax advisory services; and • Non-tax professionals who aspire to achieve a more in-depth understanding of the GST legislation and related regulations are welcome to attend.
Programme Facilitator(s)
