Singapore Indirect Taxes

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Learn how to minimise your indirect tax liabilities on affected transactions.


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

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.




 
   

Course Fees

SGD 2,140

(SGD 142 after MAX Funding)

 
   

Duration

15 - 16 Aug

9am - 6pm

 
   

Venue

NUS Business

School

 
   

Level

Basic

 


   

Advisor: Joey Lim (Ms)
Contact: +65 6601 6149
Email: joeylim@nus.edu.sg

 

APPLICATION PROCEDURE AND DEADLINE

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

WHO SHOULD ATTEND

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.


PRE-REQUISITES

None.


FACULTY 


SIMON POH

Associate Professor, Accounting





COURSE FEES AND FUNDINGS

  Self-Sponsored

Company-Sponsored

SME (ETSS Scheme) 

Company-Sponsored

Non-SME 

Course Fees $2,140.00 $2,140.00 $2,140.00
Singapore Citizens & PRs aged 21 years and above $642.00 $242.00 $642.00
Singapore Citizens aged 40 years and above (MCES Scheme) $242.00 $242.00 $242.00
Singapore Citizens aged 35 years and above who are not
earning more than $2,000 per month (WTS Scheme)
$142.00 $142.00 $142.00
The above prices are quoted in Singapore dollars (SGD), inclusive of 7% GST.