Singapore has implemented two new Goods and Services Tax (GST) regimes with effect from 2020, both covering the provision of certain imported services by foreign companies where the recipient of the services is resident in Singapore. Previously no GST was charged on certain imported services procured from overseas suppliers. Under the new regimes, foreign suppliers may be liable to register for GST in Singapore and a business that is belonging in Singapore may be liable to apply GST via a reverse charge mechanism on imported services.
It is critical that organisations understand the impact of these changes to ensure that their staff and systems are well-equipped to comply with the new requirements. This webinar will give you a practical understanding on the features of both the reverse charge and Overseas Vendor Registration regimes.
Taxing Imported Services by way of an Overseas Vendor Registration Regime
Reverse Charge Mechanism
Catherine Chiang is a Senior Consultant (GST) in Consul Biz Consultancy Services. She has previously spent 6 years in the IRAS, handling GST and Income Tax audit and almost 10 years with 2 of the Big Four international accounting firms, specialising in GST compliance and advisory work. During this period, she has accumulated extensive experience in performing GST prudential reviews, GST consultancy, GST compliance, GST audits 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 ACTA certified Trainer.