Recovery of Expenses (In Tandem to GST Rate Change)

This event has finished.

19 August 2022, Friday 4:00 pm – 5:30 pm

By Invitation Only

In FY2020/21, the Inland Revenue Authority of Singapore ("IRAS") collected $10.3 billion from GST, which contributed to 21% of the IRAS revenue collection by tax type. 

From 2020 to 2022, operational approaches, strategies and volume of companies operating in Singapore have evolved and grown alongside the evolving COVID-19 situation. 

In tandem to this, the focus of IRAS' GST audit has also been calibrated with that of a business focus and an in-depth analysis of the GST controls systems put in place by GST registered businesses ("GRB") have been carried out. This has enabled IRAS to address the root cause of GRB operational concerns and examine gaps that are contributing to incorrect GST reporting and heavy penalties. 

By examining the recovery of expenses updates alongside changes to GST rates that come in effect from 1 January 2023, we will share in this timely session how best to align ourselves closer to what IRAS is looking for. 

OUTLINE:

A brief tour on:
- Recovery of Expense
- Rate Change
- Q&A

 

Event Recovery of Expenses (In Tandem to GST Rate Change)
Date 19 August 2022 (Friday) 
Time 4:00 PM - 5:30 PM
Fee Tax Clients of RSM - Complimentary *Limited to 3 participants for each company or group of companies
(first-come-first-served)
Who to attend CFOs, Financial Controllers, Accounting and Finance Managers of Companies

CPE hours: 1.5 CPE hours with attendance of at least 70 minutes and the completion of feedback form

 

ENQUIRIES

For enquiries on this event, please email [email protected]

For all other enquiries, please contact the manager in charge of your tax engagement.

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NOTE
The organisers reserve the right to change the venue, date and programme due to circumstances beyond our control.

PHOTOGRAPHY
Please be informed that RSM or others on behalf of the firm and third parties may be taking photographs and videos during this seminar. The organisers may use such photos in their marketing materials, publications or media.

By attending the event, you consent to the use of your photograph, voice, likeness, and image in any broadcasts of this event and in subsequent productions drawn from video or audio recordings of this event. The photographs and recordings may be published or broadcasted in RSM and affiliates’ publications and in publicity materials, including websites and social media. All recordings, articles, quotes, photographs, films, audio or video and/or any reproductions of same in any form, are the property of RSM. RSM, its affiliates, employees, representatives and agents are released from any and all claims, demands, costs and liability that may arise from the use of these interviews, recordings, photographs, videotapes or films, and/or any reproductions of same in any form, as described above, arising out of being interviewed, recorded, photographed, videotaped or filmed. It is the responsibility of event participants to remove themselves from group and candid shots/recordings that the photographers/videographers intend to capture, if they do not wish to have their photos/audio-visual recordings taken at the event.