BIZ-SIT Optimizing for Singapore Goods and Services Tax (GST) 

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SSG Course Code: CRS-N-0048323/TGS-2020507032

 

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

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 242 after MAX Funding)

 
   

Duration

TBC

9am - 5.30pm

 
   

Venue

NUS Business

School

 
   

Level

Basic

 


   

Advisor: Crystal Tan (Ms)
Contact: +65 6516 1320
Email: crystal@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

    The above prices are quoted in Singapore dollars (SGD), inclusive of 7% GST.