This is a hybrid session. You have the option to attend this live in-person or online via Zoom. Please select accordingly at registration.
The live in-person session on 9 June 2023 will be held at:
Singapore Marriott Tang Plaza Hotel (Legacy Suite, Level 2)
320 Orchard Road
This is a one-day workshop covering two distinct GST topics: IRAS GST Audit focus area in the morning (AM) and troubleshooting 2023 GST Rate Change Implementation Challenges in the afternoon (PM).
This topical and timely practical workshop will explain and address IRAS current GST audit focus area which is the GST control systems implemented by GST registered businesses (“GRB”). IRAS identified this to be the root cause for operational concerns and gaps that is contributing to incorrect GST reporting and heavy penalties payable to IRAS. In the recent FY 2021/2022, IRAS GST revenue collection was $12.6b. This is a 22% hike from the previous year!
Additionally, this workshop will examine and evaluate typical concerns and address practical question(s) in the implementation of the 2023 GST rate change and will prepare GRB for the next proposed GST rate calibration from 8% to 9% starting from 1 January 2024.
This unique workshop format offers you the option to attend either the AM or PM session.
AM Session: IRAS GST Audit Focus Area: GST Control Systems for Effective GST Management click HERE.
PM Session: Troubleshooting 2023 GST Rate Change Implementation Challenges: Q&A Roundup click HERE
By attending the one-day session, you get to enjoy greater savings and buffet lunch will be provided. Register NOW!
AM Session: 9am-12.30pm
Revisit of GST Fundamentals
The Roles Accounting System and Available Technology Play (e.g. analytics, artificial intelligence) to Better Support GST Reporting and GST Risk Minimisation
Controls Applicable at Transaction Levels
GST Reporting Aspect and the Controls Available to Support GRBs in its GST Reporting
PM Session: 1.30pm-5pm
Overview of GST transition rules
GST rate change coverage
PM Participants are encouraged to prepare questions/comments on their practical challenges. Please email them to email@example.com 1.5 weeks prior to the event date. We will collate them and have the presenter prepare and address as many as we have time for, during the discussion/Q&A segment.
At the end of this workshop, you will:
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 allow 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, GST for SME, 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 hybrid session. You have the option to attend this live in-person (Singapore Marriott Tang Plaza Hotel) or online via Zoom. Please select accordingly at registration.