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GST administration in Singapore has evolved rapidly, and the COVID-19 pandemic has accelerated the IRAS approach and know-how of the commercial environment, through the utilisation of technology to gain an overview, as well as detailed analysis of targeted GST registered businesses (GRBs). Hence, the focus of GST audit by IRAS has moved away from just surface review of GST reports to in-depth analysis of the GST controls systems put in place by GRBs. This has enabled IRAS to address the root cause of GRBs operational concerns and gaps that is contributing to incorrect GST reporting and heavy penalties payable.
In this timely and highly practical workshop, we will examine and evaluate the contributing factors to GST gaps observed and how GRBs could minimise them to ensure effective GST management.
Partner & Head, GST Services
RSM Tax Pte Ltd
Richard heads the GST Division in RSM Tax Pte Ltd (“RSM”). He has more than 25 years of experience in GST with the Inland Revenue Authority of Singapore (IRAS), Deloitte & Touche LLP, United Test and Assembly Center Ltd (UTAC) and RSM. His diverse background and work exposure with the tax authority, professional and commercial firms allows him to share with seminar participants a balanced view and approach towards GST risk management and compliance. Richard has spoken at public seminars in Singapore and Malaysia on topics such as Understanding Goods & Services Tax, Managing GST Risks, the GST Assisted Self-help Kit (ASK) and Malaysia GST. He is also an Accredited Tax Advisor (GST) with the Singapore Institute of Accredited Tax Professionals Limited.
This is a virtual session on 16 August 2021 and face-to-face event on 15 October 2021.