Between 2015 and 2019, the Inland Revenue Authority of Singapore (IRAS) said it recovered more than S$3.8 million in taxes and penalties
from 65 audit cases on taxpayers who operate online businesses.
E-commerce is fast gaining traction in the world of today, more so in the time of COVID-19. From online marketplaces to sale of virtual items in online games, the world of e-commerce provides a plethora of opportunities – and potholes of potential GST risks.
For online sellers, particularly those involved in cross border fulfilment, understanding the tax regulations surrounding the online marketplace is crucial in knowing their tax liabilities. Since IRAS first published its e-Tax guide on GST for E-Commerce
, much more has been discussed, especially in recent times.
Join in this upcoming session facilitated by Accredited Tax Advisor (GST) Mr Richard Mackender, Indirect Tax Leader at Deloitte South East Asia and currently based in Singapore, as he shares about the common errors and the issues GST-registered businesses in the e-Commerce industry should note.
• Know how GST should be charged on e-commerce transactions
• Grasp the various implications across different e-commerce scenarios
• Understand the common GST errors and issues to note for GST-registered businesses involved in e-commerce