Interested in attending? Have a suggestion about running this course near you?
Register your interest now
Description
For information regarding CCH Learning Events Covid-19 Health and Safety Practices, please click HERE.
Singapore’s Goods and Services Tax (GST) will increase from 7% to 9% as announced in Budget 2022 on 18 February, by Finance Minister Lawrence Wong. The planned GST rate hike will be staggered and done in two stages.
The first stage of GST increase from 7% to 8% will be effective on Jan 1, 2023. The second stage of GST increase from 8% to 9% will be effective on Jan 1, 2024. What will this mean for GST registered businesses (GRBs)?
This topical and timely practical workshop will thoroughly explain and address the implications of the latest GST rate transitional rules. It will also prepare GRBs on how to account for and manage the transition of the GST rate hike.
Programme Outline
Transitional Rules for Rate Change from 7% to 8%
- Invoice is issued on/after 1 January 2023
- Invoice is issued before 1 January 2023
- Special situations
Preparation Checklist
Q&A
What you will learn
- Gain a practical understanding of the latest GST rate transitional rules
- Find out the impact of the 2 step GST increase on your business
- Learn how to account for and manage the GST hike
Target Audience
- Tax practitioners
- Finance practitioners
- Accountants
- Commercial Directors
Expert Speaker
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 Chartered Tax Professionals and a member of the Institute of Singapore Chartered Accountants. Catherine is also an ACTA certified Trainer.