GST: Self Managing GST Risks through ASK


Date:
07 December 2020, Monday

Time:
02.00 - 05.30PM
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.
Share the Event:
     

Programme Synopsis

In its role in assisting GST-registered businesses to be GST Compliant voluntarily, IRAS, as a tax administration launched two self-help programmes for differing segments of the GST paying community - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP).
 
Apart from providing a suite of benefits and incentives, it also specifies, as a pre-requisite with effect from 1 Jan 2013, for applicants for some of the GST Schemes to perform either an Annual Review using ASK or to commit to participating in ACAP. 
 
IRAS' recent effort in pushing selected corporations to participate either in ACAP or ASK signals an expectation that the willingness of undertaking self-review would soon be an indicator for a compliant GST business. This half-a-day session aims to share with you the insights of ASK, so that you could be better prepared and stayed ahead of this situation while choices of products to self-manage GST risks are still open for consideration.

Programme Outline

• What are GST Risks meant to you or your business;
• Why the need to self-manage GST risks;
• What ASK could offer;
• The Insights and tips in applying ASK.

About the Presenter(s)/ Trainer(s)


Mrs Eng Li Ming
Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals (SIATP)



Li Ming is an Accredited Tax Advisor (GST) of the Singapore Institute of Accredited Tax Professionals (SIATP). She customizes GST compliance review and training programmes for businesses, local CPA firms or foreign tax administrations. The customized programmes for tax administrations have benefited various local tax offices in China, Brunei-Ministry of Finance, Maldives Inland Revenue Authority, The Seychelles Tax Administration,  Royal Malaysian Customs Department (“RMCD’), some African countries and a GST office in one of the states in India.  Also, she conducts practical workshops (e.g., for Institute of Singapore Chartered Accountants) or structured training programmes (e.g., for Tax Academy) in the GST areas that she specializes.
 
Before 2012, Li Ming was a Tax Director of GST-Large Businesses Branch in the Inland Revenue Authority of Singapore (IRAS). She is one of the pioneers personally and actively engaged in preparing for Singapore’s “non-event” GST implementation.
In the last two decades, she made significant contributions to the GST administration, improving business friendliness and operational efficiency. These are reflected in resolving technical issues and dealing with GST rulings, initiating and implementing GST policy changes for the various sectors which range from manufacturing, real estate, telecommunications, logistics, and the financial industries.
 
On the compliance front, she was personally involved in the development of two compliance programmes specifically designed by IRAS to facilitate voluntary compliance - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP). Such programmes were successfully launched and have been well-received by GST-registered businesses.



Upcoming Events You May Also Be Interested In







Privacy & Data Protection Policy | Terms of Use | Copyright © 2019 Singapore Institute of Accredited Tax Professionals Limited

This site is best viewed in Google Chrome and Mozilla Firefox.