Programme ObjectiveTo 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 implicationsApplicability and corresponding implications of the Reverse Charge including the relevant compliance and reporting obligations
Programme ObjectiveTo 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: -
Partial exemption (the building block for understanding the GST reverse charge):what is partial exemption de minimis testapplicability and impact of regulation 33, 34 and 35apportionment, calculation and longer periodsGST Reverse Charge:who will be affected by the reverse charge and its implicationspreparing for the reverse chargethe value and calculation of the reverse chargewhen to apply the reverse charge transitional provisions and rules Training MethodologyLecture style, with case studies and examplesClosing Date for Registration1 week before programme or until full enrolment.
Training MethodologyLecture style, with case studies and examplesClosing Date for Registration1 week before programme or until full enrolment.
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 orStudents looking to increase and expand their GST knowledge.
Others = 3.50 Hours
23 Mar 2021 (9:00 AM - 12:30 PM)
For Members: $ 199.02 For Non-Members: $ 237.54
06 Jul 2021 (9:00 AM - 12:30 PM)
23 Nov 2020 (9:00 AM - 12:30 PM)
Registration is closed
Jeremy O’Neill Indirect Tax ManagerGrant 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.
60 Cecil StreetISCA HouseSingapore 049709
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