Goods and Services Tax Workshop


Date:
13 February 2020, Thursday

Time:
09.00AM - 05.00PM
Venue:
60 Cecil Street, ISCA House, Singapore 049709

Details/ Promotion:
Please click here for more details and here for the registration form.
Accredited tax professionals enjoy members' rate!
Contact:
Please refer to organiser’s webpage here.
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Programme Synopsis

GST has already been implemented for more than 20 years now, and yet many GST traders are still making many mistakes. This workshop aims to provide participants with the basic knowledge on GST concepts as well as the rules and regulations in Singapore. It will also help them avoid potential pitfalls and appreciate the potential GST issues that will accompany almost every business transaction. The penalties for not getting GST right can be costly to businesses and hence should not be ignored.

Programme Outline

  • Overview of GST System and How It Works
  • Key Concepts of GST including Types, Place, Time & Value of Supplies
  • Transfer of Going Concern
  • Claiming Input Tax Credits, including pre-registration input tax and bad debts relief
  • Fringe Benefits
  • Importation of Goods – Major Exporter Scheme and Import GST Deferment Scheme
  • Exports and International Services
  • Accounting for GST
  • Interaction between income tax and GST
  • Registration & Record Keeping
  • Tax Receipts and Invoices
  • Completing GST Forms and Returns
  • Common GST errors made by business
  • Advance Ruling System
  • Offences and Penalties
  • GST Assisted Self-Help Kit (ASK)
  • GST Assisted Compliance Assurance Program (ACAP)
  • Voluntary Disclosure Program (VDP)
  • Recent GST Changes

About the Presenter(s)/ Trainer(s)


Assoc Prof (Practice) Simon Poh
FCPA Singapore, ATA (Income Tax and GST), MSID, MBA



Simon Poh is currently Associate Professor (Practice) at the Accounting Department of the National University of Singapore (NUS) Business School. Previously, he was Associate Professor (Adjunct) from 1 January 2007 to 30 June 2014.

Outside the academia, Simon has been a distinguished tax professional both in Singapore and the region, with close to three decades of experience in tax compliance and tax advisory work in the areas of corporate tax, individual income tax and goods and services tax. This includes 9 years of experience with the Inland Revenue Authority of Singapore, 3 years with reputable regional multinational corporations and more than 16 years with top international accounting firms. His extensive experience includes goods and services tax advisory and risk management, international tax planning, transfer pricing, corporate restructuring, business acquisitions and mergers, expatriate tax planning, and advising clients on the tax implications of both inbound and outbound investments.

Simon graduated with a Bachelor of Accountancy Degree in 1985 followed by a Master of Business Administration (MBA) degree from NUS in 1993. He is a Fellow Chartered Accountant of the Institute of Singapore Chartered Accountants (ISCA) since 2004, a Full Member of the Singapore Institute of Directors since 2008, an Accredited Tax Advisor (Income Tax and GST) of the Singapore Institute of Accredited Tax Professionals (SIATP) since 2010 and an Honorary Member of the Financial Planning Association of Singapore since 2011. At SIATP, he is a Board Member and Chairman of both the SME Tax Committee and the Examinations Committee. Simon has also been acting as Examiner for tax modules offered in professional accountancy examinations since 2006.

Simon is the author of "Taxation in Singapore" which was published since 2008. Besides speaking at numerous external tax seminars and conducting regular tax workshops for professional bodies, he is also a regular contributor to the local and foreign media on current taxation issues.








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