Insights to GST in the Digital Marketplace


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Date:
10 December 2024, Tuesday

Time:
09.00AM - 05.00PM
Venue:
ISCA House 
60 Cecil Street
Singapore 049709

Details/ Promotion:
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Contact:
Please refer to organiser’s webpage here.
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Programme Synopsis

Digitalization has changed our way of life. The supplies and demands for goods and services have digitalized into manifolds, especially post-COVID-19. GST is no longer a domestic tax, and it has since progressed beyond the boundaries.

To close the tax gap resulting from taxing supplies under conventional business models, the GST rules have been globalized in the digital economy. Further, to level the playing field between domestic businesses and their overseas counterparts, Singapore has likewise adopted new international standards to protect the GST revenues.

A full-day session by ISCA aims to give an overview of the GST taxing tools and taxing framework in areas specific to the digital economy: reverse charge, overseas vendor registration regime; digital tokens, digital payment tokens, cross-border digital and non-digital transactions (including low-value goods and remote services), through case studies. GST applications on cross-border transactions illustrated via case studies are deployed to explain the specific rules in advertising services, transport and travel services, arrangement of financial services, insurance services, web-hosting services and international telecommunication and services.

Programme Outline

A Highlight of Key Areas:
  • GST Challenges faced in a digital economy.
  • Definition of goods and services in the digital economy
  • The Singapore GST Taxing Model in the digital economy
  • Crypto assets and their respective GST treatment
  • The taxing tools – Reverse Charge and Overseas Vendor Registration Regime
  • Case studies on taxing cross- border transactions in the digital economy
    - advertising services;
    - transport and travelling services;
    - financial services;
    - insurance services;
    - web-hosting services; and
    - international telecommunication services

About the Presenter(s)/ Trainer(s)


event image

Mrs Eng Li Ming
Accredited Tax Advisor (GST)
 


Ms. Tan Li Ming (Mrs. Eng) is an Accredited Tax Advisor (GST) of The Singapore Chartered Tax Professionals (SCTP). She has extensive taxation experience in Singapore and foreign tax authorities, particularly in the Goods & Services Tax (GST, also known as VAT in some countries). She was in the pioneer team, which in 1994 implemented the new tax regime, the Goods & Services Tax, for Singapore. After the smooth implementation of GST, Li Ming oversaw the various GST administrations, such as initiating and implementing GST policy changes and resolving complex technical issues in the Inland Revenue Authority of Singapore (IRAS). These are reflected in resolving technical issues, dealing with GST rulings, initiating, and implementing GST policy changes for the various sectors, including the public sector, manufacturing, real estate, telecommunications, logistics, and the financial industries. She spearheaded and implemented two key compliance programmes, to promote voluntary GST compliance - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP). 

Li Ming now provides GST advisory and consultancy services to foreign tax administrations in their tax reforms, to implement a VAT or develop an IT system to re-engineer their business processes (not limited to VAT/GST).  Past clients include Local Tax Offices in China; Ministry of Finance, Brunei; Maldives Inland Revenue Authority (MIRA), Maldives; Royal Malaysian Customs Department, Malaysia; Ministry of Finance, Seychelles; the Oman Customs, Oman; Ministry of Economy, Finance and Planning, Equatorial Guinea; the state government of Karnataka, India; some African countries and Saudi Arabia. She also conducts lectures and customized GST workshops, providing GST Advisory Services and GST Compliance Assurance Reviews for GST-registered businesses. Currently, she is the writer of the Singapore Chapter of “VAT Worldwide,” published by the International Bureau of Fiscal Documentation (IBFD) and member of the Curriculum and Examination Development Committee of Tax Academy, Singapore.








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