Course Detail(TAX059A : Advanced GST Workshop – Managing GST Risks in Your Business and Avoiding Pitfalls and Errors)

SDF Funding, SkillsFuture Credit

TAX059A : Advanced GST Workshop – Managing GST Risks in Your Business and Avoiding Pitfalls and Errors

14.00 CPE Hours (Others)
Classroom

Programme Objective
In this module, we will debate the simplicity of the Singapore GST system. If you believe GST is easy, why did IRAS launch the Assisted Compliance Programme (“ACAP”) and the Assisted Self-Help Kit (“ASK”) in 2011?  Why were they several major amendments to our GST legislation and regulations in the past few years?  If you think you can ask IRAS for a waiver of penalty for non-compliance with the GST law because this is your first offence, think again.

In this module, participants will have the opportunity to grasp a deeper understanding of the various key GST concepts so that they are able to immediately apply what they learn in their workplace. Some participants had taken immediate action to relook their GST transactions after attending the workshop and consider voluntary disclosures, where appropriate.

As GST issues can be dynamic, participants will learn a step-by-step approach from the workshop facilitator and be introduced a proven work template to enable them to analyse different kinds of GST issues.  Feedback from the past participants is that they were able to apply this work template to analyse their companies’ GST issues very quickly.

As this is an advanced GST workshop, participants will be assumed to have equipped with a basic understanding of the GST concepts.

Programme Outline

  • Review and summarise recent IRAS’ prosecution on GST matters

  • Describe GST and identify the sources of GST law in Singapore

  • Illustrate common pitfalls of GST registration

  • Differentiate goods from services for GST purposes

  • Clarify the place of supply rules for GST purposes

  • List the various types of taxable supplies and explain common myths about zero-rating provision for GST purposes

  • Explain common pitfalls of accounting for import GST and illustrate different schemes to provide import GST suspension

  • Clarify the rules regarding input tax claim for GST purposes

  • Investigate GST issues on mergers & acquisition transactions

  • Review certain special GST topics based on facilitator’s proposal and participants’ request

  • Evaluate the pros and cons of applying advanced tax ruling from IRAS

  • Explore the management of GST disputes and audit

  • Explore the ramifications of the voluntary disclosure regime


Training Methodology

Group-based learning 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 intended for: • Senior Tax Consultants, Managers and Senior Managers in International CA firms who are involved in tax advisory work; • Tax Associates from all levels in law firms who are involved in tax advisory work; • In-house Tax Directors and Managers, Chief Financial Officers, or Financial Controllers who are involved in making key tax decisions for their companies; • Public Practitioners from local CA firms who provide their clients with tax compliance and tax advisory services; • Independent advisors who provide their clients with tax advisory services; and • Non-tax professionals who aspire to achieve a more in-depth understanding of the GST legislation and related regulations are welcome to attend.

Competency Mapping

Others = 14.00 Hours

Schedule & Fees

Date & Time

28 Apr 2020 (9:00 AM - 5:00 PM)
29 Apr 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 620.60
For Non-Members: $ 736.16

Programme Facilitator(s)

Jack HM Wong

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

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

Registration is closed

Programme Facilitator(s)

Jack HM Wong

Date & Time

02 Apr 2019 (9:00 AM - 5:00 PM)
03 Apr 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jack HM Wong

Date & Time

10 May 2018 (9:00 AM - 5:00 PM)
11 May 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jack HM Wong

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 16 April 2020
Course Reference Number: CRS-N-0031577

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 

Funding Period: Until 16 April 2020
Funded Hours: 14 hours
Course Reference Number: CRS-N-0031577    

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

 

Programme Facilitator(s)


Jack HM Wong
Accredited Tax Advisor (Income Tax & GST)
FCA Singapore 
 
 
An Accredited Tax Advisor, Jack has over 24 years of international tax experience, providing MNC and high net-worth individuals with his comprehensive, relevant and timely solutions to address their urgent tax challenges.  He also has substantial experience in resolving tax disputes with the tax authorities and negotiating for tax incentives with the Singapore Government agencies on behalf his clients. Jack wins praise for his effective balance of the tax technical skills and client services.  In 2010, Jack received the honour of being named one of the top Notable Tax Practitioners in Singapore by Chambers & Partners, Asia. 
 
Apart from his tax practice, Jack has also embarked on his personal development journey and training in 2008 as he realises that it is important to have both business/ technical development and personal development for him to continue to take his business to the next level. Jack made the decision to specialise in the areas of personality profiling, sales presentation & pitch construction using proven language patterns, negotiation and communication skills. 
 
Currently, Jack is a certified / licensed trainer & facilitator with the following credentials:
 
Certified TetraMap Facilitator
Certified & Licensed Trainer with BANKCODE 
Licensed Trainer in Neuro-Linguistic Programming
Certified Trainer & Coach in Blair Singer Training Academy
Certified Trainer in Myers-Briggs Type Indicator® for STEP I & STEP II
Certified Trainer in Basic and Advanced Enneagram Spectrum of Personality Styles

Programme Objective
In this module, we will debate the simplicity of the Singapore GST system. If you believe GST is easy, why did IRAS launch the Assisted Compliance Programme (“ACAP”) and the Assisted Self-Help Kit (“ASK”) in 2011?  Why were they several major amendments to our GST legislation and regulations in the past few years?  If you think you can ask IRAS for a waiver of penalty for non-compliance with the GST law because this is your first offence, think again.

In this module, participants will have the opportunity to grasp a deeper understanding of the various key GST concepts so that they are able to immediately apply what they learn in their workplace. Some participants had taken immediate action to relook their GST transactions after attending the workshop and consider voluntary disclosures, where appropriate.

As GST issues can be dynamic, participants will learn a step-by-step approach from the workshop facilitator and be introduced a proven work template to enable them to analyse different kinds of GST issues.  Feedback from the past participants is that they were able to apply this work template to analyse their companies’ GST issues very quickly.

As this is an advanced GST workshop, participants will be assumed to have equipped with a basic understanding of the GST concepts.

Programme Outline

  • Review and summarise recent IRAS’ prosecution on GST matters

  • Describe GST and identify the sources of GST law in Singapore

  • Illustrate common pitfalls of GST registration

  • Differentiate goods from services for GST purposes

  • Clarify the place of supply rules for GST purposes

  • List the various types of taxable supplies and explain common myths about zero-rating provision for GST purposes

  • Explain common pitfalls of accounting for import GST and illustrate different schemes to provide import GST suspension

  • Clarify the rules regarding input tax claim for GST purposes

  • Investigate GST issues on mergers & acquisition transactions

  • Review certain special GST topics based on facilitator’s proposal and participants’ request

  • Evaluate the pros and cons of applying advanced tax ruling from IRAS

  • Explore the management of GST disputes and audit

  • Explore the ramifications of the voluntary disclosure regime


Training Methodology

Group-based learning 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 intended for: • Senior Tax Consultants, Managers and Senior Managers in International CA firms who are involved in tax advisory work; • Tax Associates from all levels in law firms who are involved in tax advisory work; • In-house Tax Directors and Managers, Chief Financial Officers, or Financial Controllers who are involved in making key tax decisions for their companies; • Public Practitioners from local CA firms who provide their clients with tax compliance and tax advisory services; • Independent advisors who provide their clients with tax advisory services; and • Non-tax professionals who aspire to achieve a more in-depth understanding of the GST legislation and related regulations are welcome to attend.

Competency Mapping

Others = 14.00 Hours

Programme Facilitator(s)

Jack HM Wong
Accredited Tax Advisor (Income Tax & GST)
FCA Singapore 
 
 
An Accredited Tax Advisor, Jack has over 24 years of international tax experience, providing MNC and high net-worth individuals with his comprehensive, relevant and timely solutions to address their urgent tax challenges.  He also has substantial experience in resolving tax disputes with the tax authorities and negotiating for tax incentives with the Singapore Government agencies on behalf his clients. Jack wins praise for his effective balance of the tax technical skills and client services.  In 2010, Jack received the honour of being named one of the top Notable Tax Practitioners in Singapore by Chambers & Partners, Asia. 
 
Apart from his tax practice, Jack has also embarked on his personal development journey and training in 2008 as he realises that it is important to have both business/ technical development and personal development for him to continue to take his business to the next level. Jack made the decision to specialise in the areas of personality profiling, sales presentation & pitch construction using proven language patterns, negotiation and communication skills. 
 
Currently, Jack is a certified / licensed trainer & facilitator with the following credentials:
 
Certified TetraMap Facilitator
Certified & Licensed Trainer with BANKCODE 
Licensed Trainer in Neuro-Linguistic Programming
Certified Trainer & Coach in Blair Singer Training Academy
Certified Trainer in Myers-Briggs Type Indicator® for STEP I & STEP II
Certified Trainer in Basic and Advanced Enneagram Spectrum of Personality Styles

Upcoming Schedule

Date & Time

28 Apr 2020 (9:00 AM - 5:00 PM)
29 Apr 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 620.60
For Non-Members: $ 736.16

Programme Facilitator(s)

Jack HM Wong

Venue

60 Cecil Street
ISCA House
Singapore 049709