Module 2: International Services [Full day]

Module 2 will cover the following topics:

• Types of international services, including but not limited to the below:
• Services supplied to overseas person
• Services related to goods for export and goods moving outside Singapore
• Services related to land/buildings/goods located overseas
• Services performed completely overseas
• “Directly Benefits” and “Directly in connection with”
• Belonging status of customers
• Common Pitfalls

Modul Extra: The rules of Reverse Charge Mechanism and Attribution to Input Tax

Modul Extra will cover the following topics:

• Reverse Charge Mechanism
• Background of the legislation
• Person subject to reverse charge
• Scope of imported services and low-value goods (LVG) under reverse charge
• Attribution to Input Tax
• What kind of supplies are considered as exempt supplies
• Everything you need to know about De Minimis Rule
• Clarification on terms such as "directly attributable" and "residual"
• Tips and tricks and common pitfalls

Take-Aways

• Learn when to apply 0% GST rate
• Understand the conditions of applying 0% GST rate
• Be aware of typical pitfalls and mistakes that could result in non-compliance and penalties
• Gain insights into tips and tricks that you should know
• With Module Extra, gain insights of Reverse Charge Mechanism and input tax attribution which could benefit your businesses

All businesses and industries that export goods or provide service to overseas;

All businesses and industries that intend to expand their business to overseas;

All accounting, finance and tax professionals including GST return preparer, GST return reviewer and GST return approver

People from the Finance, Tax, Procurement, Logistics and Supply Chain departments