Description

This webinar was recorded on 21 May 2020

In order to safeguard your business from making costly GST mistakes, this webinar will provide you with the fundamentals, practice examples and essential updates that comes with GST Compliance so that you will be in better control of the GST return preparation process.

Programme Outline

Scope of GST and the concept of “supply”

• Case study 01 - Grasp the intricacies of GST treatment of a supply of services
• Case study 02 - Demystifying GST input tax attributable to non-taxable supplies
• Case study 03 - Decrypting exempt supplies
• Case study 04 - Meaning and effect of zero-rating – a case study on advertising services
• Case study 05 - Deemed output tax on GST deregistration controversy

GST - a simple tax?

“Double Iris, Dutch sandwich and the Singapore Sling”: Importance of GST planning

Filing obligations of and “Negligence Claims”: tax agents

Tracker News - Are you ready to pay more GST?

• Proposed increase in GST rate
• “Reverse charge” – New development on proposed GST on imported services
• Registration requirements under the reverse charge scheme
• GST treatment for e-Commerce transactions
• Customer accounting

Target Audience

• Tax Supervisors and Executives

• Accountants and Accounts Executives involved with the preparation of GST returns

• Those who would like a practical refresher on GST 

Expert Speaker

Kevin Lee has a Master of Taxation from the Singapore University of Social Sciences ( SUSS ).

He was the Group Financial Controller with a foreign company for many years and he has more than 10 years of experience in financial reporting, audit, tax, treasury and corporate advisory in various industries, including internationally well-known hotel chain, marine (including oil and gas) and supply chain management, logistics and transportation and heavy machinery industries that cover South East Asia and Australia.

Kevin’s forte is designing defensible and sound economics-based tax strategies (including GST) that are from the compliance, finance, risk governance and accounting perspectives, i.e. enterprise tax risk management. He is also a Subject-Matter Expert (advisory) for "CCH Integrator" Singapore GST compliance reporting programme and IFRS Compliance Framework report automation project.