It is not unusual that fringe benefits are provided by businesses in order to attract and/or retain employees. However, the provision of such fringe benefits may lead to some unintended GST consequences. If not handle appropriately, the businesses could commit GST errors and be subject to
penalties and/or fines.
This workshop aims to equip participants with the knowledge on the GST implications associated with the various common fringe benefits.
A Highlight of Key Areas:
- Introduction
- Deemed output tax
- Disallowed expenses
- Input tax recovery and close nexus test
- Common fringe benefits and the applicable GST implications
- Q&A