GST: Self Managing GST Risks through ASK


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Date:
07 December 2021, Tuesday

Time:
02.00 - 05.30PM
Venue:
60 Cecil Street, ISCA House, Singapore 049709

Details/ Promotion:
Please click here for more details and here for the registration form.
Accredited tax professionals enjoy members' rate!
Contact:
Please refer to organiser’s webpage here.
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Programme Synopsis

In its role in assisting GST-registered businesses to be GST Compliant voluntarily, IRAS, as a tax administration launched two self-help programmes for differing segments of the GST paying community - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP).
 
Apart from providing a suite of benefits and incentives, it also specifies, as a pre-requisite with effect from 1 Jan 2013, for applicants for some of the GST Schemes to perform either an Annual Review using ASK or to commit to participating in ACAP. 
 
IRAS' recent effort in pushing selected corporations to participate either in ACAP or ASK signals an expectation that the willingness of undertaking self-review would soon be an indicator for a compliant GST business. This half-a-day session aims to share with you the insights of ASK, so that you could be better prepared and stayed ahead of this situation while choices of products to self-manage GST risks are still open for consideration.

Programme Outline

• What are GST Risks meant to you or your business;
• Why the need to self-manage GST risks;
• What ASK could offer;
• The Insights and tips in applying ASK.

About the Presenter(s)/ Trainer(s)


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Mrs Eng Li Ming
Accredited Tax Advisor (GST)
 


Li Ming is an Accredited Tax Advisor (GST) of The Singapore Chartered Tax Professionals (SCTP). She customizes GST compliance review and offers consultancy services for businesses, local CPA firms and foreign tax administrations. The personalized programmes for tax administrations have benefited various tax offices in China, Brunei-Ministry of Finance, Maldives Inland Revenue Authority, The Seychelles Tax Administration,  Royal Malaysian Customs Department (“RMCD’), some African countries, Oman-Customs, and India.  Also, she conducts practical workshops (e.g., for Institute of Singapore Chartered Accountants) or structured training programmes (e.g., for Tax Academy) in the GST areas that she specializes in.
 
Before 2012, Li Ming was a Tax Director in the Inland Revenue Authority of Singapore (IRAS). She is one of the pioneers personally and actively engaged in preparing for Singapore’s “non-event” GST implementation. In the last two decades, she contributed significantly to the GST administration, improving business friendliness and operational efficiency. These are reflected in resolving technical issues and dealing with GST rulings, initiating and implementing GST policy changes for the various sectors, including manufacturing, real estate, telecommunications, logistics, and the financial industries.
 
On the compliance front, she was personally involved in developing two compliance programmes designed explicitly by IRAS to facilitate voluntary compliance - Assisted Self-help Kit (ASK) and Assisted Compliance Assurance Programme (ACAP). Such programmes were successfully launched and have been well-received by GST-registered businesses.









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