Event Dates: 2 October 2013
Event Time: 9am – 5pm
Location: PSB Academy
By Kevin Lee, Associate Trainer, HRmatters21
Fees: S$450.00 (GST will not be applicable)
Understanding the latest developments in GST is one thing. Being able to proactively apply GST principles and developments in practice is certainly more challenging. If the penalties collected by IRAS from GST audits are anything to go by, knowledge is certainly only half the battle when it comes to getting your GST planning right. HRmatters21 presents a one-day workshop that focuses more on the hands-on application of GST. Practical advice on key GST issues and pitfalls will be presented together with planning tools that empower you to apply what you have learnt quickly. Comprehensive step-by-step guide, checklists, decision-trees and flow charts, and planning forms help you think through real life GST issues faced by your organization. Work through cases studies and get real-world guidance from the trainer. Complex issues will be broken down into easy to comprehend principles enabling you to apply the tools to real life GST issues when back in your organization. This interactive workshop will also cover essential issues and challenges faced by businesses to help you better manage GST risks. Avoid costly penalties. Get your GST returns right.
Course Outline
Supply, Output Tax and Value of Supply - Definition and Scope of Supplies (including Taxable Supplies; Exempt Supplies; No Supply; Out-of-scope Supplies; Supplies Not for Consideration; Single vs. Multiple Supplies) - Specific Issues covered in Second and Third Schedules of the GST Act, Partial Exemption rules and Input Tax Apportionment
– Definition and Scope of Input Tax
– The Attribution Rules
– The Rules Governing Partial Exemption
– Various Apportionment Methods International Services
– Policy objectives of zero-rating international services
– Concepts and Applications of ‘Directly In Connection With’ and ‘Directly Benefiting’
– Zero-rating under sections 21(3)(j), (i) and (k)
-Application of zero-rating provisions on common services (e.g. exhibition, professional services, education, training)
– Recent new changes in zero-rating provisions GST Issues on Agent / Principal Relationship
– Indicators of an agent versus a principal
– GST treatments of the supplies in an agent / principal relationship
Workshop Leader
Kevin Lee formed his professional boutique consultancy and advisory firm specializing in corporate structuring and restructuring, enterprise tax risk management and corporate advisory services under the brand name “RYSAAC (睿鉴 隴西)” in early 2005. Since then, RYSAAC has gone strength-to-strength, collaboration strategically with several professional firms, including audit firms, management consultancy & corporate advisory companies and an internationally well-known publication. His clients are those of mainly individual and corporate clients who are seeking independent professional opinions and tax advisory services. Kevin is the full member of the Association of Chartered Certified Accountants (ACCA), Institute of Certified Public Accountants of Singapore (ICPAS), Singapore Institute of Accredited Tax Professionals (SIATP), Singapore Institute of Directors (SID) and fellow member of Malaysian Institute of Management (MIM). He graduated from the London School of Economics and Political Science (LSE), University of London with BSc (Hons) in Economics and Management and an executive diploma in directorship from Singapore Management University (SMU).
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