Course Detail(TAX244 : GST: Managing Your Compliance Risks Throughout the GST Journey)

UTAP Funding

TAX244 : GST: Managing Your Compliance Risks Throughout the GST Journey

7.00 CPE Hours (Others)
Classroom


Programme Objective
 
2019 marks the 25th year of GST implementation in Singapore. Being a newly GST-registered business, you certainly wish to have smooth sailing throughout your GST journey. Even if you have started your GST journey for years, there are compliance risks that you might have overlooked. Not being selected for GST audit in the past is not an endorsement of your GST compliance.
 
Digitalisation will enable tax administrations to deliver efficient and effective services to the taxpayers through online services. By leveraging on advanced technology, tax authorities have enhanced their capabilities to validate compliance in manifolds.  This aims to influence taxpayers’ behaviour, from unaware or negligent to be compliant of the tax rules. With the launch of Smart Nation in 2014, Singapore is transforming through technology. It is no doubt that IRAS will embark on a fast track digitalisation, heading towards the direction of e-Compliance. The “privilege” of “free from GST audit” would no longer be enjoyed by many GST businesses that they used to.
 
Against this background, and in the light of IRAS’s pull and push approach for businesses to self-manage GST risks, you should at least be aware of how to better prepare and defend yourselves with adequate knowledge to stay ahead of this situation. 
 
This practical workshop aims to provide useful pointers with case studies to enhance the competencies of both businesses and tax professionals in performing the respective roles in the areas of technical applications as well as compliance review.

Programme Outline


Managing compliance risks arise from incorrect GST applications in the area of:

  • Registration 
  • Business, Persons and Supply
  • Removal and Exports
  • Domestic and International Services
  • Relief and Exemption
  • Output Tax and Input Tax
  • Obligations and Entitlements
  • Tax Planning and Tax Avoidance

           
A working model along the value chain to secure GST risks

  • Re-alignment of structure
  • Deployment of applicable tools 
  • Setting up documentation, review, and monitoring processes embedded with controls

 
Training Methodology
Lecture style, 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 suitable for:

  • Accounting, Finance and Tax professionals who like to learn the techniques to self-manage GST risks.
  • ATP (GST) or ATA (GST) who want to enhance competencies in the areas of technical applications as well as compliance review.

Participants are assumed to have equipped with a basic understanding of the GST concepts.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

22 Apr 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Eng Li Ming

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

16 Sep 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Eng Li Ming

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

29 Sep 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Eng Li Ming

Date & Time

24 Sep 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Eng Li Ming

Testimonial

Funding

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.
 
This course is approved for UTAP support for intakes conducted between 01 April 2020 – 31 March 2021.
 
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)


Mrs Eng Li Ming
Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals (SIATP)
 
Li Ming is an Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals (SIATP). She customizes GST compliance review and training programmes for businesses, local CPA firms or foreign tax administrations. The customized programmes for tax administrations have benefited various local tax offices in China, Brunei-Ministry of Finance, Maldives Inland Revenue Authority, The Seychelles Tax Administration,  Royal Malaysian Customs Department (“RMCD’), some African countries and a GST office in one of the states in India.  Also, she conducts practical workshops (e.g., for Institute of Singapore Chartered Accountants) or structured training programmes (e.g., for Tax Academy) in the GST areas that she specializes.
 
Before 2012, Li Ming was a Tax Director of GST-Large Businesses Branch in the Inland Revenue Authority of Singapore (IRAS). She is one of the pioneers personally and actively engaged in preparing for Singapore’s “non-event” GST implementation.
In the last two decades, she made significant contributions to the GST administration, improving business friendliness and operational efficiency. These are reflected in resolving technical issues and dealing with GST rulings, initiating and implementing GST policy changes for the various sectors which range from manufacturing, real estate, telecommunications, logistics, and the financial industries.
 
On the compliance front, she was personally involved in the development of two compliance programmes specifically designed by IRAS to facilitate voluntary compliance - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP). Such programmes were successfully launched and have been well-received by GST-registered businesses. 

 


Programme Objective
 
2019 marks the 25th year of GST implementation in Singapore. Being a newly GST-registered business, you certainly wish to have smooth sailing throughout your GST journey. Even if you have started your GST journey for years, there are compliance risks that you might have overlooked. Not being selected for GST audit in the past is not an endorsement of your GST compliance.
 
Digitalisation will enable tax administrations to deliver efficient and effective services to the taxpayers through online services. By leveraging on advanced technology, tax authorities have enhanced their capabilities to validate compliance in manifolds.  This aims to influence taxpayers’ behaviour, from unaware or negligent to be compliant of the tax rules. With the launch of Smart Nation in 2014, Singapore is transforming through technology. It is no doubt that IRAS will embark on a fast track digitalisation, heading towards the direction of e-Compliance. The “privilege” of “free from GST audit” would no longer be enjoyed by many GST businesses that they used to.
 
Against this background, and in the light of IRAS’s pull and push approach for businesses to self-manage GST risks, you should at least be aware of how to better prepare and defend yourselves with adequate knowledge to stay ahead of this situation. 
 
This practical workshop aims to provide useful pointers with case studies to enhance the competencies of both businesses and tax professionals in performing the respective roles in the areas of technical applications as well as compliance review.

Programme Outline


Managing compliance risks arise from incorrect GST applications in the area of:

  • Registration 
  • Business, Persons and Supply
  • Removal and Exports
  • Domestic and International Services
  • Relief and Exemption
  • Output Tax and Input Tax
  • Obligations and Entitlements
  • Tax Planning and Tax Avoidance

           
A working model along the value chain to secure GST risks

  • Re-alignment of structure
  • Deployment of applicable tools 
  • Setting up documentation, review, and monitoring processes embedded with controls

 
Training Methodology
Lecture style, 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 suitable for:

  • Accounting, Finance and Tax professionals who like to learn the techniques to self-manage GST risks.
  • ATP (GST) or ATA (GST) who want to enhance competencies in the areas of technical applications as well as compliance review.

Participants are assumed to have equipped with a basic understanding of the GST concepts.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Mrs Eng Li Ming
Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals (SIATP)
 
Li Ming is an Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals (SIATP). She customizes GST compliance review and training programmes for businesses, local CPA firms or foreign tax administrations. The customized programmes for tax administrations have benefited various local tax offices in China, Brunei-Ministry of Finance, Maldives Inland Revenue Authority, The Seychelles Tax Administration,  Royal Malaysian Customs Department (“RMCD’), some African countries and a GST office in one of the states in India.  Also, she conducts practical workshops (e.g., for Institute of Singapore Chartered Accountants) or structured training programmes (e.g., for Tax Academy) in the GST areas that she specializes.
 
Before 2012, Li Ming was a Tax Director of GST-Large Businesses Branch in the Inland Revenue Authority of Singapore (IRAS). She is one of the pioneers personally and actively engaged in preparing for Singapore’s “non-event” GST implementation.
In the last two decades, she made significant contributions to the GST administration, improving business friendliness and operational efficiency. These are reflected in resolving technical issues and dealing with GST rulings, initiating and implementing GST policy changes for the various sectors which range from manufacturing, real estate, telecommunications, logistics, and the financial industries.
 
On the compliance front, she was personally involved in the development of two compliance programmes specifically designed by IRAS to facilitate voluntary compliance - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP). Such programmes were successfully launched and have been well-received by GST-registered businesses. 

 

Upcoming Schedule

Date & Time

22 Apr 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Eng Li Ming

Venue

60 Cecil Street
ISCA House
Singapore 049709