GST Risks and Controls: Major Exporter Scheme (“MES”) and Import GST Deferment Scheme (“IGDS”) (Live Webinar)

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28 May 2024, Tuesday

09.00AM - 12.30PM
Live Webinar 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!
Please refer to organiser’s webpage here.
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Programme Synopsis

The Major Exporter Scheme (“MES”) and Import GST Deferment Scheme are the most common GST schemes in Singapore to relieve companies of the cash flow cost of paying import GST to Singapore Customs and subsequently claiming it as input tax in the GST returns.

These import suspension schemes are important for companies especially when the GST rate has increased to 8% and will be increasing further to 9% on 1 January 2024. The IRAS can revoke the GST schemes if they are being abused.

Why is incoterm important when you purchase from local supplier? How to eliminate any errors when using MES and IGDS?

Come and join ISCA in this GST webinar to find out more:
  • Learn how incoterm affects your import suspension scheme like MES and IGDS
  • Identify common errors for the MES and IGDS
  • Implement controls to prevent errors for MES and IGDS

Programme Outline

A Highlight of Key Areas:
  • Overview of MES and IGDS
  • Approved use of the MES/IGDS status
  • Why incoterm is important when you purchase from local supplier
  • Importing goods as a section 33(2) and 33A agent
  • When can you import goods on behalf of your local customer or GST registered overseas customer using your MES/IGDS status?
  • GST risks on MES/IGDS and the controls that can be implemented
  • Voluntary disclosure programme

About the Presenter(s)/ Trainer(s)

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Mr Eddie Soh
Co-founder, Tax Director 
Jed Tax Consulting
Accredited Tax Advisor (GST)

Eddie Soh is the co-founder of Jed Tax Consulting, a Singapore consulting firm specialising in Goods and Services Tax (GST).  With more than 20 years of practical GST experience gained from working at Inland Revenue Authority of Singapore as a tax auditor and big four accounting firm (PwC) as a tax advisor, Eddie is the subject matter expert you go to when you need advice on goods and services tax (“GST”) matters.
He is an accredited tax advisor (GST) with Singapore Chartered Tax Professional and he speaks regularly at public GST workshop and seminars. The primary objective of conducting workshop and seminars is to share the knowledge gained from his experience and his long term goal is to digitalise the knowledge so that it can be easily accessed by others.
Eddie is a GST advisor by profession and he finds joy in solving your GST problem. Having led 43 multi-national companies to Assisted Compliance Assurance Programme (“ACAP”) premium status, he now advises clients on the best practices that should be in place to prevent and detect GST errors.

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