Goods and Services Tax Workshop (Synchronous e-learning)


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Date:
06 December 2024, Friday

Time:
09.00AM - 05.00PM
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

GST has already been implemented for more than 20 years now, and yet many GST traders are still making many mistakes. This workshop by ISCA aims to provide participants with the basic knowledge on GST concepts as well as the rules and regulations in Singapore. It will also help to 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

A Highlight of Key Areas:
  • 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)
  • GST on Imported Services – Reverse Charge and Overseas Vendor Registration
  • Recent GST Changes

About the Presenter(s)/ Trainer(s)


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Mr Simon Poh
Associate Professor (Practice)
National University of Singapore Business School
Accredited Tax Advisor (Income Tax and GST), FCA Singapore, MSID, MBA


Simon Poh is currently Associate Professor (Practice) at the Accounting Department of the National University of Singapore (NUS) Business School where he teaches taxation and advanced taxation modules. This is a full-time employment from 1 Jul 2014. Previously, he was Associate Professor (Adjunct) from 1 January 2007 to 30 June 2014. He recently won the NUS Business School Teaching Excellence Awards for 2020 and 2021.

Outside the academia, Simon has been a distinguished tax professional both in Singapore and the region, with more than three decades of experience in tax compliance and tax advisory work in the areas of corporate tax, individual income tax and GST. 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 GST tax advisory and risk management, international tax planning, transfer pricing, corporate restructuring, business acquisitions and mergers, tax due diligence reviews, expatriate tax planning, and advising clients on the tax implications of both inbound and outbound investments. Simon continues to be active in professional tax-related work outside his teaching responsibilities.

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, an ASEAN CPA since 2017, 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. SIATP was renamed Singapore Chartered Tax Professionals Limited (SCTP) from April 2020. At SIATP/SCTP, he served as Chairman of the SME Tax Committee since 2012. Simon also served as a Board Member of SIATP from January 2013 to March 2020. In 2021, he was appointed as a Member of the Income Tax Board of Review, an administrative tribunal established for the purpose of hearing appeals against income tax assessments made by the Comptroller of Income Tax. Simon has been acting as Examiner for tax modules offered in professional accountancy examinations since 2006. He is the author of "Taxation in Singapore" which was first published in 2008. In August 2020, he published the latest electronic edition of this book.

Besides speaking at numerous external tax seminars and conducting regular tax workshops for professional bodies like ISCA and ACCA, Simon is a regular contributor to local and foreign media and professional journals on current taxation issues. In addition, he currently serves as an Independent Director and Chairman of the Audit Committee of a company listed on the Main Board of the Singapore Exchange (SGX).








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