OPTIMISING FOR SINGAPORE GOODS AND SERVICES TAX (GST) - NUS Business School

OPTIMISING FOR SINGAPORE GOODS AND SERVICES TAX (GST)

DURATION

NEXT RUN

TBA

FEES

SGD 248.00 after MAX Funding
SGD 2,160.00 with GST

VENUE

Online via Zoom

NUMBER

Carol Wong
+65 6601 8172

E-MAIL

crystal@nus.edu.sg

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OVERVIEW topic coverage DATES AND FEES RELATED

OVERVIEW

Learn the effective ways to manage Goods and Services Tax (GST) and stamp duty

This short course aims to provide you with basic knowledge of indirect taxes in Singapore – primarily goods and services tax (GST) as well as stamp duty:

Attaining practical understanding of the indirect tax system in Singapore
Preparing GST returns and computing stamp duty obligations on transactions
Minimising your indirect tax liabilities on affected transactions

Note: This course qualifies for 12 CPE hours with ISCA, subject to the verifiable learning requirements. For more information, please visit the ISCA website here.

Topic Coverage

This course will address the following:

Overview of the Singapore indirect tax regime
Overview of the GST system in Singapore and how it works
Key concepts of GST including the different types of supplies, time, place and value of supply
Rules for claiming input tax
Treatment of fringe benefits
Imports and special GST schemes

Exports and international services
Accounting for GST, registration and record keeping
Completing GST forms and returns
Common GST errors including differentiating between reimbursements and disbursements
GST offences and penalties
Recent GST changes including GST on imported services

Overview of the stamp duty regime in Singapore
Instruments subject to stamp duty in Singapore
Stamp duty for shares and properties
Stamp duty exemptions, remissions and reliefs
Stamp duty rates, including additional buyer’s stamp duty (ABSD) and seller’s stamp duty (SSD)
Additional conveyance duties (ACD) for both buyers and sellers

Practical examples, illustrations and case studies (including recent court cases) will be used during the course to help you relate and apply to real life tax situations.

Faculty

poh, siew beng simon

Associate Professor (Practice Track)

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All individuals who aspire to embark on a tax career covering indirect taxes as well as any non-tax professional who would like to minimise indirect tax liabilities on affected transactions.

Who Should Attend

DATES AND FEES

Date	Venue	after MAX Funding	with GST	Registration
TBA	Online via Zoom	SGD 248.00	SGD 2,160.00

Application Procedure & Deadline

Participants are strongly advised to apply at least 2 weeks in advance.