Course Detail(TAX250v : GST: Understanding Input Tax Recovery Rules (Live Webinar))

TAX250v : GST: Understanding Input Tax Recovery Rules (Live Webinar)

7.00 CPE Hours (Others)
Live Webinar

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective

GST-registered businesses can claim GST on their imports and expenses incurred for business purposes. However, there are certain expenses that are not claimable. Businesses who make both taxable and exempt supplies may not be able to claim the full amount of allowable input tax. Wrongful claims are common errors noted during the IRAS’ audits. Penalties could be imposed for these errors.

This workshop aims to provide participants with a better understanding of the input tax recovery rules.

Programme Outline

  • Input Tax Recovery Rules
    • Qualifying conditions
    • Disallowed / blocked expenses
    • Time of claiming
  • Supporting Documents
    • Tax Invoice
    • Customer Accounting Tax Invoice
    • Simplified invoice
    • Import Permit
  • Ascertaining the amount of GST claimable
    • Impact of partial exemption
    • De-minimis rule
    • Attribution / Apportionment
  • Specific Expenses
    • Gifts
    • Fringe Expenses
    • Business Expenses


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 level programme for Accounting and Tax Professionals who are involved in the GST compliance process.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

24 Mar 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discount till 31 Dec 2021

Programme Facilitator(s)

Catherine Chiang

Venue

Online Classroom in or outside of
Singapore

Date & Time

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

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discount till 31 Dec 2021

Programme Facilitator(s)

Catherine Chiang

Venue

Online Classroom in or outside of
Singapore

Date & Time

14 Dec 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Catherine Chiang

Date & Time

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

Registration is closed

Programme Facilitator(s)

Catherine Chiang

Date & Time

09 Jun 2020 (9:00 AM - 5:00 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.

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective

GST-registered businesses can claim GST on their imports and expenses incurred for business purposes. However, there are certain expenses that are not claimable. Businesses who make both taxable and exempt supplies may not be able to claim the full amount of allowable input tax. Wrongful claims are common errors noted during the IRAS’ audits. Penalties could be imposed for these errors.

This workshop aims to provide participants with a better understanding of the input tax recovery rules.

Programme Outline

  • Input Tax Recovery Rules
    • Qualifying conditions
    • Disallowed / blocked expenses
    • Time of claiming
  • Supporting Documents
    • Tax Invoice
    • Customer Accounting Tax Invoice
    • Simplified invoice
    • Import Permit
  • Ascertaining the amount of GST claimable
    • Impact of partial exemption
    • De-minimis rule
    • Attribution / Apportionment
  • Specific Expenses
    • Gifts
    • Fringe Expenses
    • Business Expenses


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 level programme for Accounting and Tax Professionals who are involved in the GST compliance process.

Competency Mapping

Others = 7.00 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

24 Mar 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discount till 31 Dec 2021

Programme Facilitator(s)

Catherine Chiang

Venue

Online Classroom in or outside of
Singapore