GST on Imported Services (Live Webinar)

With effect from 1 January 2020, imported services will be subjected to GST with in the following regimes: 

1. Business-to-business (“B2B”) imported services will be taxed by way of a reverse charge mechanism.
2. Business-to-customers (“B2C”) imported digital services will be taxed through the overseas vendor registration model. Overseas suppliers may need to register for GST and account for GST on the supply of imported digital services. 

From 1 January 2023, B2C imported services and low-value goods imported via air or by post will also be subjected to GST. 

This ISCA workshop aims to provide participants with an understanding of the following:

• Reverse Charge mechanism and compliance requirements 
• Features of the overseas vendor registration regime
  
  

• Taxing Imported Services by way of an Overseas Vendor Registration Regime
  - Business-to-Consumer (B2C) supplies
  - Definition of Low-Value Goods (LVG)
  - Scope of digital services and remote services
  - When is an operator of electronic marketplace regarded as the supplier?
  
  - GST registration requirements for overseas suppliers and overseas electronic marketplaces operator
  
  
• Taxing Imported Services by way of Reverse Charge
  - Reverse Charge mechanism
  - Persons who would be subjected to reverse charge
  - Scope of imported services/ Imported LVG
  - GST treatment / Accounting for GST
  - Reporting requirements