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Zero-rating of International Services: Correctly Applying Zero-rating Treatment and Avoiding the Pitfalls

Expert Speaker Catherine Chiang

$650.00 (including GST)

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EARLY BIRD SPECIAL: Save 10% when you register by 24 April 2018. Use code APR18 at checkout.

Overview

Not all services provided to overseas customers can be zero-rated. Certain services provided to local customers may also qualify for zero-rating. Companies may only zero-rate their supply of services (i.e. charge GST at 0%) if it falls within the description of international services under Section 21(3) of the GST Act.

Depending on the nature of service provided, companies may need to determine the belonging status of their customer (i.e. whether the customer is a person belonging in Singapore or belonging in a country other than Singapore). Insufficient knowledge on the implications of GST on services rendered carries the risk of costly penalties. Consider these commonly raised concerns:

  • Can all billings to overseas customers qualify for zero-rating?
  • What are the services provided in Singapore that can be zero-rated?
  • How to determine the belonging status of your customers?
  • Can all recharges to overseas customers / related companies be zero-rated?

This programme is part of the Corporate Practice Series, designed specifically for accountants and finance professionals dealing with the preparation of GST returns or involved in the determination of the GST treatment for services provided by their companies. As this topic is regarded as one of the more challenging areas of GST, this workshop will provide in-depth insights on essential issues and peculiarities of GST treatment on services. Through the use of practical examples and case studies, you will get a clearer understanding on how to correctly apply zero-rating treatment for the provision of services to avoid common errors and costly penalties.

What You Will Learn

At the end of this workshop, you will:

  • Gain a clearer insight into the key areas of concern in zero-rating international services
  • Be able to correctly apply zero-rating treatment on services and avoid potential pitfalls
  • Minimise possibility of costly penalties by getting your GST returns right

Programme Outline

Place of supply
  • Belonging concept
  • Determining the belonging of Supplier and Customer
Zero-Rating of International Services
  • Determining the belonging status of customers
  • Clarification on “directly in connection with” and “directly benefit”
  • Misconceptions
  • List of services and their conditions
  • Examples and illustration
  • Avoiding the mistakes commonly made in applying zero-rating
  • Recent updates on zero-rating

Expert Speaker

Catherine Chiang is a Senior Consultant (GST) in Consul Biz Consultancy Services. She has previously spent 6 years in the IRAS, handling GST and Income Tax audit and almost 10 years with2 of the Big Four international accounting firms, specialising in GST compliance and advisory work. During this period, she has accumulated extensive experience in performing GST prudential reviews, GST consultancy, GST compliance, GST audits 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 Institute of Accredited Tax Professionals and a member of the Institute of Singapore Chartered Accountants. Catherine is also an ACTA certified Trainer.

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Prices shown are in SGD and inclusive of 7% GST but do not include handling & shipping (if applicable)
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