UTAP Funding
Programme Objective While GST administration in Singapore is coming to the 24 years mark, GST registered small and medium enterprises (SMEs) are still playing catch up in terms of GST risk management and alignment of GST updates to match the practical aspects of running business as usual. Considering GST is a transactional based tax and there are inherent risks on the supply (e.g. direct deductions of certain items from employee payroll might trigger a need to consider GST) and purchase perspective (e.g. a supplier who provides us with a tax invoice with GST might not be GST registered), GST registered SMEs who have not diligently managed GST risk from such angle could be in for hard landing and the financial consequences may also be significant.
Realignment of GST concepts Common GST slip-ups made by SMEsGST implications relating to recovery of expenses (e.g. meals, transport, dormitory) and direct deductions from payroll (e.g. staff pass, medical co-payment)Art of managing the GST reporting for SMEsImportance of 12 months rule relating to accounts payableSharing of de-minimis rule and its applicationRing fencing the GST risks for SMEsUsing Technology to co-manage GST riskTapping the voluntary disclosure incentive to contain penalty exposure on incorrect classifications with GST impact Training Methodology Tutorial style with examples and discussions. Closing Date for Registration 1 week before programme or until full enrolment
Training Methodology Tutorial style with examples and discussions. Closing Date for Registration 1 week before programme or until full enrolment
Personnel involved in GST reporting functions
Others = 7.00 Hours
08 Sep 2022 (9:00 AM - 5:00 PM)
For Members: $ 345.61 For Non-Members: $ 415.16
1] 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 out 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.
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
60 Cecil StreetISCA HouseSingapore 049709
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19 May 2022 - 19 May 2022
20 May 2022 - 20 May 2022