Course Detail(TAX255 : GST on Reverse Charge)

TAX255 : GST on Reverse Charge

3.50 CPE Hours (Others)
Classroom
In Collaboration with:  

Programme Objective

To level the GST playing field for all services consumed in Singapore, the Minister for Finance announced in Budget 2018 that a reverse charge regime will be implemented from 1 Jan 2020 to tax imported services.

On 22 August 2019, the IRAS released their latest e-Tax Guide providing some much-needed clarity to the implications and interpretation of the proposed rules.

This workshop aims to provide participants with an understanding of the following: -

  • A recap of the general partial exemption rules in Singapore, which will provide the building blocks for a sound understanding of the Reverse Charge and its implications
  • Applicability and corresponding implications of the Reverse Charge including the relevant compliance and reporting obligations

Programme Outline

  • Partial exemption (the building block for understanding the GST reverse charge):
    • what is partial exemption
    • de minimis test
    • applicability and impact of regulation 33, 34 and 35
    • apportionment, calculation and longer periods
  • GST Reverse Charge:
    • who will be affected by the reverse charge and its implications
    • preparing for the reverse charge
    • the value and calculation of the reverse charge
    • when to apply the reverse charge
    • transitional provisions and rules 

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 owners and senior management who like to understand and assess the impact of new GST rule on their businesses or
  • Students looking to increase and expand their GST knowledge.

Competency Mapping

Others = 3.50 Hours

Schedule & Fees

Date & Time

23 Mar 2021 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Jeremy O’Neill

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

06 Jul 2021 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Jeremy O’Neill

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

23 Nov 2020 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Jeremy O’Neill

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Jeremy O’Neill
Indirect Tax Manager
Grant Thornton

Jeremy is a Chartered Tax Adviser, who qualified in the UK, with a specialism in Indirect Tax. He is also an Accredited Tax Practitioner of the Singapore Institute of Tax Professional (“SIATP”).

Jeremy has 6 years' experience in providing GST/VAT advice to a wide variety of domestic and global clients. He has previously advised and coordinated global advisory projects for large multinational clients. He was a part of Grant Thornton’s implementation team during the introduction of VAT in the United Arab Emirate in 2018.

During his time with Grant Thornton, he has lived and worked in the UK, UAE and now Singapore.

Programme Objective

To level the GST playing field for all services consumed in Singapore, the Minister for Finance announced in Budget 2018 that a reverse charge regime will be implemented from 1 Jan 2020 to tax imported services.

On 22 August 2019, the IRAS released their latest e-Tax Guide providing some much-needed clarity to the implications and interpretation of the proposed rules.

This workshop aims to provide participants with an understanding of the following: -

  • A recap of the general partial exemption rules in Singapore, which will provide the building blocks for a sound understanding of the Reverse Charge and its implications
  • Applicability and corresponding implications of the Reverse Charge including the relevant compliance and reporting obligations

Programme Outline

  • Partial exemption (the building block for understanding the GST reverse charge):
    • what is partial exemption
    • de minimis test
    • applicability and impact of regulation 33, 34 and 35
    • apportionment, calculation and longer periods
  • GST Reverse Charge:
    • who will be affected by the reverse charge and its implications
    • preparing for the reverse charge
    • the value and calculation of the reverse charge
    • when to apply the reverse charge
    • transitional provisions and rules 

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 owners and senior management who like to understand and assess the impact of new GST rule on their businesses or
  • Students looking to increase and expand their GST knowledge.

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Jeremy O’Neill
Indirect Tax Manager
Grant Thornton

Jeremy is a Chartered Tax Adviser, who qualified in the UK, with a specialism in Indirect Tax. He is also an Accredited Tax Practitioner of the Singapore Institute of Tax Professional (“SIATP”).

Jeremy has 6 years' experience in providing GST/VAT advice to a wide variety of domestic and global clients. He has previously advised and coordinated global advisory projects for large multinational clients. He was a part of Grant Thornton’s implementation team during the introduction of VAT in the United Arab Emirate in 2018.

During his time with Grant Thornton, he has lived and worked in the UK, UAE and now Singapore.


Upcoming Schedule

Date & Time

23 Mar 2021 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Jeremy O’Neill

Venue

60 Cecil Street
ISCA House
Singapore 049709