Financial Services Tax Spotlight | Banking – What’s so Special about the Special Method?
Date:
31 March 2026, Tuesday
Details/ Promotion:
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Contact:
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Programme Synopsis
It has been almost a year since the Special Method for input tax recovery took effect for MAS‑licensed banks. While some banks have moved ahead with implementation, others have adopted a cautious, wait‑and‑see approach. The Special Method can deliver meaningful input tax savings; however, as a new and relatively untested framework, it can be challenging to interpret and operationalise.
If you are considering a review but unsure where to begin, join KPMG on their session as they break down the key rules and practical considerations for banks assessing the Special Method.
Programme Outline
A Highlight of Key Areas:- How the Special Method works: Core features and mechanics, including the output‑based/sectoral approach, appropriate cost drivers and proxies
- Planning and implementation: Practical considerations, data requirements, governance and steps to run a robust Special Method review
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