Getting Ready for a New GST Landscape
Thursday, December 06 2018, 09:00 - 17:00
Programme Objective

The recently announced 2018 Singapore Budget will bring significant changes to the GST landscape in the near future.

To ensure that the Singapore tax system remains fair and resilient in a digital economy, the Finance Minister had announced that GST will be applied on imported service in the context of business-to-business (“B2B”) transactions by way of a reverse charge mechanism. The taxation of business-to-consumer (“B2C”) transactions will take effect through an Overseas Vendor Registration (“OVR”) mode.

With effect from 1st January 2019, customer accounting (another new concept) will be implemented on the supply of certain prescribed goods by GST-registered suppliers to their GST-registered customers.

It is therefore imperative that organisations start making preparations to ensure that their staff and systems are well-equipped to comply with the new requirements. This workshop will give you a good understanding on the features of the customer accounting, reverse charge mechanism and the related registration and compliance rules.

This comprehensive workshop is part of the Corporate Practice Series, designed specifically to provide you with a practical update on the recent GST changes implemented. Practical tips and pointers will be discussed to help your organisation make a seamless transition to implement the GST changes.

At the end of this workshop, you will:

  • Be updated on the recent GST Developments
  • Understand the implications of Customer Accounting, and learn how to correctly apply the GST Treatment
  • Have a good understanding of the Reverse Charge mechanism, its registration and compliance requirements
  • Understand the features of the overseas vendor registration regime, and the related GST registration and reporting rules

Programme Outline

Summary of 2017/2018 GST Updates/ Developments

Customer Accounting for Prescribed Goods

  • What is customer accounting?
  • What are the prescribed goods?
  • What are excepted supply?
  • Common business scenarios
  • GST treatment/ reporting
    - GST-registered supplier making a relevant supply
    - GST-registered customer receiving a relevant supply

Taxing Imported Services by way of Reverse Charge

  • Reverse charge mechanism
  • Persons who would be subject to reverse charge
  • Scope of imported services
  • Registration and reporting requirements

Taxing Imported Services by way of an Overseas Vendor Registration Regime

  • Business to Consumer (B2C) supplies of digital services
  • Scope of digital services
  • When is operator of electronic marketplace regarded as the supplier?
  • GST registration requirements for overseas suppliers and overseas electronic marketplace
  • Simplified Pay-only Registration Regime

Administrative Details


6 Dec 2018


9:00am – 5:00pm


Hotel Venue to be Advised

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