Reimbursements and disbursements are commonly incorrectly treated for GST purposes and hence are almost always reviewed by the IRAS during any audit process. To ensure correct GST treatments are adopted when recovering expenses, one needs to know how to differentiate reimbursement and
disbursement and the associated GST implications.
This workshop aims to provide the participant with a better understanding of the differences between reimbursement and disbursement for GST purposes so that correct GST treatments could be adopted to avoid GST errors when recovering expenses.
A Highlight of Key Areas:
- Introduction
- Singapore GST basic concepts
- Recovery of expenses – disbursement and the GST implications
- Recovery of expenses – reimbursement and the GST implications
- Concessions on claiming input tax on disallowed expenses which are subsequently recovered
- Q&A