SCTP: Ins and Outs of GST on Imports and Exports

A single mistake in an import or export transaction can trigger GST reporting errors, costly penalties, and unnecessary disputes with the tax authority. As cross-border trade becomes increasingly commonplace, a strong understanding of the GST rules governing imports and exports as well as the practical controls needed to get them right is essential for tax professionals.

Join Eddie Soh ATA (GST), Co-Founder and Tax Director at Jed Tax Consulting, as he provides practical guidance on the key GST issues arising from imports and exports, common compliance pitfalls, and the preventive controls businesses should implement.

Gain clarity on Incoterms, GST agency arrangements, error correction, and when the IRAS Voluntary Disclosure Programme should be considered to strengthen your organisation’s GST compliance framework with confidence.

The seminar will cover the following topics:

• Understand the GST rules governing imports and exports, and their practical application to cross-border transactions
• Navigate the GST implications of Incoterms, GST agency arrangements under Sections 33(2) and 33A, and the distinction between direct and indirect exports
• Identify common GST risks and compliance pitfalls in import and export transactions
• Strengthen your GST compliance framework to minimise reporting errors
• Learn how to correct GST errors and determine when the IRAS Voluntary Disclosure Programme should be considered

We are delighted to inform you that this seminar is in partnership with the Singapore Chartered Tax Professionals. Kindly note that registrations are to be made through their website.

Trainer Profile

      Eddie Soh 

With more than 20 years of practical GST experience gained from working at Inland Revenue Authority of Singapore as a tax auditor and big four accounting firm (PwC) as a tax advisor, Eddie is the subject matter expert you go to when you need advice on goods and services tax (“GST”) matters.

He is an accredited tax advisor (GST) with Singapore Chartered Tax Professional and he speaks regularly at public GST workshop and seminars. The primary objective of conducting workshop and seminars is to share the knowledge gained from his experience and his long term goal is to digitalise the knowledge so that it can be easily accessed by others.

Eddie is a GST advisor by profession and he finds joy in solving your GST problem. Having led 43 multi-national companies to Assisted Compliance Assurance Programme (“ACAP”) premium status, he now advises clients on the best practices that should be in place to prevent and detect GST errors.