Optimising for Singapore Goods and Services Tax (GST)
Accounting & Finance
SGD 2,160
(SGD 248 after MAX Funding)
TBA
Online via Zoom
Basic
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.
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.
Application Procedure & Deadline
Participants are strongly advised to apply at least 2 weeks in advance.
Pre-Requisites
None
Fees & Funding
| Self-Sponsored | SME (ETSS Scheme) Company-Sponsored |
Non-SME Company-Sponsored |
|
| Course Fees | S$2,140.00 | S$2,140.00 | S$2,140.00 |
| Singapore Citizens & PRs aged 21 years and above | S$642.00 | S$242.00 | S$642.00 |
| Singapore Citizens aged 40 years and above (MCES Scheme) | S$242.00 | S$242.00 | S$242.00 |
The above prices are quoted in Singapore dollars (SGD), inclusive of 7% GST.
Faculty
POH, Simon
Associate Professor AccountingPeople who viewed this course also visited:
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