Course Detail(TAX227 : GST on Imported Services)

TAX227 : GST on Imported Services

3.50 CPE Hours (Others)
Classroom


Programme Objective
 

To achieve parity in GST treatment for all services consumed in Singapore, the Finance Minister announced in Budget 2018 that imported services will be subjected to GST with effect from 1 January 2020 in the following regimes: 
 

  1. Business-to-business (“B2B”) imported services will be taxed by way of a reverse charge mechanism.
  2. 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 2020, consumers and businesses who buy imported services from suppliers based overseas which have no establishments in Singapore will have to pay goods and services tax (GST). GST will be levied on two types of services: business-to-business (B2B), such as marketing services, accounting services and IT services; and business-to-consumers (B2C), including video and music streaming services, apps and online subscription fees.
 
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 Reverse Charge
    • Reverse Charge mechanism
    • Persons who would be subjected to reverse charge
    • Scope of imported services
    • GST treatment / Accounting for GST
    • Reporting requirements
  • Taxing Imported Services by way of an Overseas Vendor Registration Regime
    • Business-to-Consumer (B2C) supplies of digital services
    • Scope of digital services
    • When is an operator of electronic marketplace regarded as the supplier?
    • GST treatment / Accounting for GST
    • GST registration requirements for overseas suppliers and overseas electronic marketplaces

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.

Competency Mapping

Others = 3.50 Hours

Schedule & Fees

Date & Time

13 Dec 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Catherine Chiang

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

14 Jan 2020 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Catherine Chiang

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

26 Feb 2020 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Catherine Chiang

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

21 May 2020 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Catherine Chiang

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

16 Sep 2020 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Catherine Chiang

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

09 Sep 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Catherine Chiang

Date & Time

15 May 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Catherine Chiang

Date & Time

28 Feb 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Catherine Chiang

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Catherine Chiang
CA (Singapore), ATA (GST), BAcc (Hons)
 

 Catherine has more than 20 years of experience in GST consultancy, with 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 Institute of Accredited 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.


Programme Objective
 

To achieve parity in GST treatment for all services consumed in Singapore, the Finance Minister announced in Budget 2018 that imported services will be subjected to GST with effect from 1 January 2020 in the following regimes: 
 

  1. Business-to-business (“B2B”) imported services will be taxed by way of a reverse charge mechanism.
  2. 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 2020, consumers and businesses who buy imported services from suppliers based overseas which have no establishments in Singapore will have to pay goods and services tax (GST). GST will be levied on two types of services: business-to-business (B2B), such as marketing services, accounting services and IT services; and business-to-consumers (B2C), including video and music streaming services, apps and online subscription fees.
 
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 Reverse Charge
    • Reverse Charge mechanism
    • Persons who would be subjected to reverse charge
    • Scope of imported services
    • GST treatment / Accounting for GST
    • Reporting requirements
  • Taxing Imported Services by way of an Overseas Vendor Registration Regime
    • Business-to-Consumer (B2C) supplies of digital services
    • Scope of digital services
    • When is an operator of electronic marketplace regarded as the supplier?
    • GST treatment / Accounting for GST
    • GST registration requirements for overseas suppliers and overseas electronic marketplaces

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.

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Catherine Chiang
CA (Singapore), ATA (GST), BAcc (Hons)
 

 Catherine has more than 20 years of experience in GST consultancy, with 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 Institute of Accredited 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

14 Jan 2020 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Catherine Chiang

Venue

60 Cecil Street
ISCA House
Singapore 049709