Key GST Changes
Thu, 14 December 2023
9:00am to 11:00am
FEE (inclusive of GST)
This workshop will be covering the latest changes to the GST Such as tax rate from 8% to 9% effective from 1 January 2024.
Other than the increase in GST rate to 8%, there were other GST changes that took effect from 1 January 2023. One of the key changes is the extension of the Overseas Vendor Registration (OVR) regime to non-digital services (also known as remote services).
Do you know that if you receive services from your overseas head office (e.g. management, legal, administrative and IT support services), your overseas head office may be required to register for GST in Singapore under the Overseas Vendor Registration (OVR) regime?
Join us for a recap of the key GST changes in 2023 and 2024.
The webinar will cover the following topics:
- Extending the Scope of Overseas Vendor Registration (OVR) regime:
• Remote services
• Low value imported goods
- Changes in the GST Rules for Travel Arranging Services:
• Detailed explanation of changes in GST rules for
travel arranging services
- Deciding Between 8% and 9% GST Rate:
• Factors to consider when deciding whether to
charge 8% or 9% GST
• Preparing for the upcoming GST rate change on
1 January 2024
Kindly note that registrations are to be made through our registration form.
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.