2024 GST Rate Transitional Rules & Reverse Charge Mechanism: Practical Understanding and Implications to your Business

Date:

14 December 2023, Thursday

Time:

09.00AM - 05.00PM

Venue:

Singapore Marriott Tang Plaza Hotel

Legacy Suite

Level 2

Details/ Promotion:

Please click here for more details and here to register.
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Contact:

Please refer to organiser’s webpage here.

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Programme Synopsis

This is a one-day workshop covering two distinct GST topics: Reverse Charge Mechanism in the morning (AM) and GST Transitional Rules 2024 in the afternoon (PM)

This topical and timely practical workshop by Wolters Kluwer will explain and address the implications of the latest GST rate transitional rules from 8% to 9% effective on Jan 1, 2024. It will also prepare GST registered businesses (GRBs) on how to account for and manage the transition of the GST rate hike. Additionally, the practical implications of taxing imported services and imported low value goods by way of reverse charge mechanism for business-to-business transactions will be addressed.

This unique workshop format offers you the option to attend either the AM or PM session.

Programme Outline

A Highlight of Key Areas:

AM Session: 9am-12.30pm

Imported Services

Overseas Vendor Registration Regime
Reverse Charge Mechanism

Imported Services by way of Reverse Charge

Business-to-Business (B2B) transactions
Reverse Charge mechanism
Persons who would be subjected to reverse charge
Scope of imported services
GST treatment / Accounting for GST
Transitional rules for rate change from 7% to 8%
Reporting requirements

Q&A

PM Session: 1.30pm-5pm

Transitional Rules for Rate Change from 8% to 9%

Invoice is issued on/after 1 January 2024
Invoice is issued before 1 January 2024
Special situations

Preparation Checklist

Frequently Asked Questions (FAQ)

Q&A

About the Presenter(s)/ Trainer(s)

Ms Catherine Chiang
Chartered Accountant (Singapore)
Consul Biz Consultancy Services
Accredited Tax Advisor (GST)

Catherine has more than 20 years of experience in GST consultancy, with 10 years of training experience. She has previously spent 6 years in IRAS, handling GST and Income Tax audit and almost 10 years with 2 of the Big Four international accounting firms, specializing in GST compliance and advisory work. During this period, she has accumulated extensive experience in performing GST prudential reviews, GST consultancy, GST compliance and GST training for clients.

Catherine has a Bachelor of Accountancy (Honours) degree from the National University of Singapore. She is an Accredited Tax Advisor (GST) registered with the Singapore Chartered Tax Professionals and a member of the Institute of Singapore Chartered Accountants. Catherine is also an Advanced Certificate in Training and Assessment (ACTA) certified Trainer.

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