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LIBOR Transition: Tax Implications for Singapore by Sam Sim, WTS Taxise and Lum Kah Wai
30 July 2020, 12 Noon – 1pm
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Get Real, Get Practical with GST by Danny Koh, Deloitte & Touche
27 August 2020, 12 Noon – 1pm
With the London Interbank Offered Rate (LIBOR), the world’s most widely used benchmark for short-term interest rate, slated to end in 2021, Singapore is gearing up to transit from LIBOR to new benchmark.
Accredited tax professionals had the opportunity to be updated and be in the forefront of this change with the recent members-only webinar.
Tapping on the practical experiences of Accredited Tax Advisor (Income Tax) Sam Sim, Co-Founder and Senior of Counsel, WTS Taxise and Accredited Tax Advisor (Income Tax) Lum Kah Wai in the banking and financial services, and regional corporate treasury, the webinar explored the various tax risks and opportunities of the transition.
SCTP members gained an early start in understanding the business and tax impacts on this move. Following the fully-subscribed session, Ms Tham Suit Fun, Director at Pioneer Associates, commented, “the speakers were very knowledgeable and managed to cover in quite a depth despite the short time frame”.
Moving away from corporate tax but continuing to bring members up to the edge of reality was the other recent technical session by SCTP with a focus on the Goods and Services Tax (GST). Accredited tax professionals were able to explore and gain a better understanding of how GST could be used as a tool to improve cashflow for the business to better navigate through the recession.
The Get Real, Get Practical with GST webinar with Accredited Tax Advisor (GST) Danny Koh, Indirect Tax Partner, Deloitte & Touche LLP also provided an update on the practical issues and potential risks to note in reverse charge.
Join SCTP to stay at the forefront of tax and join in for future webinars. Get on the SCTP’s mailing list to be notified.