IRAS GST Audit Focus on Common GST Reporting Errors: Minimise GST Reporting Risks


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Date:
22 November 2023, Wednesday

Time:
09.00AM - 05.00PM
Venue:
This is a hybrid session. You have the option to attend this live in-person or online via Zoom. Please select accordingly at registration.

Details/ Promotion:
Please click here for more details and here to register. 
Accredited tax professionals enjoy subscribers' rate (i.e. 10% discount)!
Contact:
Please refer to organiser’s webpage here.
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Programme Synopsis

Introduced in Singapore on 1 April 1994, GST administration here is reaching 30 years on 1 April 2024. Based on available statistics, GST collection has shown upward movement year on year (except for the pandemic year of FY 2020/2021)

This topical and practical workshop will share with representatives of GST registered businesses (GRBs), the contributing factors for the rising GST revenue collection by IRAS. Find out the Top 10 focus areas on common GST reporting errors picked up by IRAS GST audit, the 3W1H approach to manage and minimise GST reporting risk as well as what should be done at GST reporting phase to level the playing field with IRAS.

Programme Outline

A Highlight of Key Areas:

Back to Basics
  • GST value chain
  • Supply & Purchase
  • Recovery of expenses
  • Deeming
  • Key fundamentals

IRAS GST Audit: Top 10 focus areas on Common GST Reporting Errors
  • Transaction level aspect
  • GST reporting level aspect

3W1H Approach
  • What to look out for
  • Why does it happen
  • Where to start
  • How to take things forward
  • Practical approach to manage GST risk

Level the Playing Field
  • Using tools to support GST risk management
  • Common myths to avoid
  • Applying what we know
  • Taking action
  • Controls to contain risk

About the Presenter(s)/ Trainer(s)


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Mr Richard Ong ATA (GST)
Partner, Goods & Services Tax
RSM Singapore



Richard Ong is a Partner at RSM Singapore, where he leads the firm’s advisory practice on GST and indirect tax matters across a broad range of industries including real estate & construction, funds and asset management, technology and platform businesses, aviation, financial institutions and logistics. 

Richard brings deep regulatory insight and practical experience to his role, having held tax positions at the Inland Revenue Authority of Singapore (IRAS), worked with a Big Four accounting firm, and served in industry roles, giving him a balanced perspective on compliance expectations and commercial realities. 

He is an Accredited Tax Advisor (GST) with the Singapore Chartered Tax Professionals Limited and holds a Bachelor of Business (Accountancy) from RMIT University in Australia. 

Richard is a recognised speaker at public seminars in Singapore and Malaysia, where he shares insights on topics such as GST audit focus areas, GST risk management, GST for SMEs, the GST Assisted Self-Help Kit (ASK) and broader indirect tax developments.








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