GST Rate Transitional Rules 2023: Practical Understanding and Implications to your Business
    GST Rate Transitional Rules 2023: Practical Understanding and Implications to your Business
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Description

This is the PM session of our one-day workshop

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 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.

This unique workshop format offers you the choice to attend either the AM, PM or one-day session as two distinct GST topics are covered.

AM Session: Reverse Charge Mechanism: GST on Imported Services & Import of Low Value Goods, click here.

One-day Session: GST Rate Transitional Rules 2023 & Reverse Charge Mechanism, click here.

By attending the one-day session, you get to enjoy greater savings and buffet lunch. Register NOW!

Programme Outline

PM Session: 1.30pm-5pm

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

Frequently Asked Questions (FAQ) 

Q&A

What you will learn

  • Gain a practical understanding of the latest GST rate transitional rules
  • Find out the impact of the 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.

  • Dec 15
    • $321.00 incl. GST (7%)
    Thu, 1:30 PM - Thu, 5:00 PM Hotel Venue to be Advised
    • $321.00 incl. GST (7%)
    • PD hours: 3.5
  • Dec 22
    • Early Bird 15% Discount - Apply Promotional Code: EBF15 $272.85 incl. GST (7%)
    • $321.00 incl. GST (7%)
    Thu, 1:30 PM - Thu, 5:00 PM Hotel Venue to be Advised
    • Early Bird 15% Discount - Apply Promotional Code: EBF15 $272.85 incl. GST (7%)
    • $321.00 incl. GST (7%)
    • PD hours: 3.5

Coming Soon

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One-Connection-One-Fee

Our webinars operate on a 'one-connection-one-fee' basis, so you can have your whole team participate together in a boardroom setting for one cost effective price, using one registered log-in connection. The registered attendee will receive a CPD certificate.

Recordings

Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! Recordings are provided for webinars with a duration of 3 hours and less.