Interested in attending? Have a suggestion about running this course near you?
Register your interest now
A GST registered supplier is obliged to collect the GST paid by its purchaser and pay the GST to the Comptroller of Goods and Services Tax (CGST).
The recent Draft Goods and Services Tax (Amendment) Bill 2020 (the “Draft Bill”) authorises the CGST to deny input tax claims by suppliers in the supply chain who are not directly involved in MTF and the law introduced by the Draft Bill is expected to come into effect on 1 January 2021.
In this seminar, expert speaker Liu Hern Kuan, who currently represents clients affected by MTF, will outline legal and practical issues surrounding MTF and carousal fraud, including when a supplier knew or ought to have known that a supply was part of a fraudulent arrangement under the current law and under the new framework.
1. Introduction to Missing Trader Fraud ("MTF") and Carousal Fraud
2. Denial of Input Tax Claim: Law Applicable
3. Criminal Prosecution Liabilities
Liu Hern Kuan
Head of Tax, Tan Peng Chin LLC
Hern Kuan has wide experience in Revenue Law, having lectured in it at the Law Faculty in NUS, practiced as a tax manager in Big-4 accounting firms and as head of tax in a major law firm. He was also the Chief Legal Officer of the Inland Revenue Authority of Singapore (IRAS) for 10 years. While at IRAS he represented the Comptroller of Income Tax in the leading case on tax avoidance, AQQ v CIT.
Hern Kuan’s tax practice is largely focused on civil and criminal disputes with IRAS and tax planning and structuring, both domestic and international tax.
He has presented many seminars on tax law and was an associate staff lecturer on tax planning and international tax at SIM university.
This is a face-to-face event, to be conducted on 25 November 2020.