GST Assisted Compliance Assurance Programme (ACAP): Getting Started with ACAP in Preventing GST Pitfalls (Live Webinar)


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Date:
01 September 2021, Wednesday

Time:
09.00AM - 12.30PM
Venue:
Online Classroom in or outside of Singapore

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

Since its official launch in Apr 2011, more than 500 businesses have attained the Assisted Compliance Assurance Programme (ACAP) status. Though the influx of demand amongst eligible businesses is over, IRAS has since identified and invited large businesses to opt and participate in ACAP. The control features of ACAP have been the GST benchmark for compliance amongst businesses having complex structures and business models with voluminous transactions and placing tax risk management as part of their corporate governance.

This half-a-day session aims to share with you the insights and tips of getting ready should your business be invited to participate in ACAP with no option. This may be highly possible if you are applying or seeking renewal of some specific GST schemes.

Programme Outline

  • The process of ACAP
  • The control framework of ACAP
  • The control features at
  • Entity level;
  • Transaction (Sales and Purchases) level; and
  • Report level
  • The Insights and tips in preparing your ACAP readiness

About the Presenter(s)/ Trainer(s)


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Mrs Eng Li Ming
Accredited Tax Advisor (GST)
 


Li Ming is an Accredited Tax Advisor (GST) of The Singapore Chartered Tax Professionals (SCTP). She customizes GST compliance review and offers consultancy services for businesses, local CPA firms and foreign tax administrations. The personalized programmes for tax administrations have benefited various tax offices in China, Brunei-Ministry of Finance, Maldives Inland Revenue Authority, The Seychelles Tax Administration,  Royal Malaysian Customs Department (“RMCD’), some African countries, Oman-Customs, and 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 in.
 
Before 2012, Li Ming was a Tax Director 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 contributed significantly 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, including manufacturing, real estate, telecommunications, logistics, and the financial industries.
 
On the compliance front, she was personally involved in developing two compliance programmes designed explicitly 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.









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